Technical Analysis for RAYA - Erayak Power Solution Group Inc.

Grade Last Price % Change Price Change
A 1.49 7.08% 0.10
RAYA closed up 7.08 percent on Friday, November 1, 2024, on 36 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
NR7 Range Contraction 7.08%
Narrow Range Bar Range Contraction 7.08%
Wide Bands Range Expansion 7.08%
Overbought Stochastic Strength 7.08%
180 Bullish Setup Bullish Swing Setup 10.37%
Calm After Storm Range Contraction 10.37%
Narrow Range Bar Range Contraction 10.37%
Wide Bands Range Expansion 10.37%

   Recent Intraday Alerts

Alert Time
Up 5% about 21 hours ago
60 Minute Opening Range Breakout about 21 hours ago
Up 3% about 21 hours ago
Up 2% about 22 hours ago
Rose Above Previous Day's High about 23 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 1.65
52 Week Low 0.44
Average Volume 62,246
200-Day Moving Average 0.79
50-Day Moving Average 0.90
20-Day Moving Average 1.10
10-Day Moving Average 1.35
Average True Range 0.14
RSI (14) 70.59
ADX 45.17
+DI 40.77
-DI 11.10
Chandelier Exit (Long, 3 ATRs) 1.11
Chandelier Exit (Short, 3 ATRs) 1.03
Upper Bollinger Bands 1.66
Lower Bollinger Band 0.54
Percent B (%b) 0.85
BandWidth 102.56
MACD Line 0.18
MACD Signal Line 0.14
MACD Histogram 0.0318
Fundamentals Value
Market Cap 16.39 Million
Num Shares 11 Million
EPS 0.15
Price-to-Earnings (P/E) Ratio 9.93
Price-to-Sales 0.27
Price-to-Book 0.37
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.66
Resistance 3 (R3) 1.64 1.57 1.63
Resistance 2 (R2) 1.57 1.53 1.58 1.62
Resistance 1 (R1) 1.53 1.50 1.55 1.55 1.61
Pivot Point 1.46 1.46 1.47 1.47 1.46
Support 1 (S1) 1.42 1.42 1.44 1.43 1.37
Support 2 (S2) 1.35 1.39 1.36 1.36
Support 3 (S3) 1.31 1.35 1.35
Support 4 (S4) 1.32