Technical Analysis for RAYA - Erayak Power Solution Group Inc.

Grade Last Price % Change Price Change
B 2.14 13.23% 0.25
RAYA closed up 13.23 percent on Friday, June 9, 2023, on 3.16 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Fell Below 50 DMA Bearish 13.23%
20 DMA Support Bullish 13.23%

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Alert Time
Upper Bollinger Band Resistance about 9 hours ago
3x Volume Pace about 10 hours ago
Up 2 ATRs about 10 hours ago
Rose Above Upper Bollinger Band about 11 hours ago
2x Volume Pace about 11 hours ago

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Profile

Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. The company's products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. It operates in the People's Republic of China, France, Poland, Mexico, and the United Kingdom. The company was founded in 2009 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. operates as a subsidiary of Erayak International Limited.
Classification

Sector: Industrials
Industry: Electrical Equipment & Parts
Keywords: Inverters Power Inverter Outdoor Living Products

Is RAYA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.8864
52 Week Low 1.51
Average Volume 22,467
200-Day Moving Average 0.00
50-Day Moving Average 1.92
20-Day Moving Average 1.91
10-Day Moving Average 1.93
Average True Range 0.18
RSI (14) 61.24
ADX 10.3
+DI 25.85
-DI 14.06
Chandelier Exit (Long, 3 ATRs) 1.75
Chandelier Exit (Short, 3 ATRs) 2.19
Upper Bollinger Bands 2.10
Lower Bollinger Band 1.71
Percent B (%b) 1.1
BandWidth 20.34
MACD Line 0.01
MACD Signal Line -0.01
MACD Histogram 0.0166
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.67
Resistance 3 (R3) 2.66 2.48 2.58
Resistance 2 (R2) 2.48 2.34 2.48 2.55
Resistance 1 (R1) 2.31 2.26 2.39 2.32 2.53
Pivot Point 2.12 2.12 2.16 2.13 2.12
Support 1 (S1) 1.95 1.99 2.04 1.96 1.75
Support 2 (S2) 1.77 1.90 1.77 1.73
Support 3 (S3) 1.60 1.77 1.70
Support 4 (S4) 1.61