Technical Analysis for RAYA - Erayak Power Solution Group Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 1.24 | 6.90% | 0.08 |
RAYA closed unchanged on Wednesday, November 20, 2024, on 42 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 6.90% | |
| NR7-2 | Range Contraction | 6.90% | |
| Narrow Range Bar | Range Contraction | 6.90% | |
| Inside Day | Range Contraction | 6.90% | |
| Wide Bands | Range Expansion | 6.90% | |
| Oversold Stochastic | Weakness | 6.90% | |
| NR7 | Range Contraction | 6.90% | |
| Narrow Range Bar | Range Contraction | 6.90% | |
| Inside Day | Range Contraction | 6.90% | |
| Wide Bands | Range Expansion | 6.90% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 1 hour ago |
| Up 5% | about 6 hours ago |
| 10 DMA Resistance | about 6 hours ago |
| Rose Above Previous Day's High | about 6 hours ago |
| Rose Above 10 DMA | about 6 hours ago |
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Basic chart:
- Earnings date: Unknown
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.
Sector: Industrials
Industry: Electrical Equipment & Parts
Keywords: Inverters Power Inverter Outdoor Living Products
Classification
Sector: Industrials
Industry: Electrical Equipment & Parts
Keywords: Inverters Power Inverter Outdoor Living Products
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 1.78 |
| 52 Week Low | 0.44 |
| Average Volume | 70,620 |
| 200-Day Moving Average | 0.83 |
| 50-Day Moving Average | 1.00 |
| 20-Day Moving Average | 1.31 |
| 10-Day Moving Average | 1.19 |
| Average True Range | 0.14 |
| RSI (14) | 48.45 |
| ADX | 26.94 |
| +DI | 23.74 |
| -DI | 25.71 |
| Chandelier Exit (Long, 3 ATRs) | 1.37 |
| Chandelier Exit (Short, 3 ATRs) | 1.44 |
| Upper Bollinger Bands | 1.61 |
| Lower Bollinger Band | 1.02 |
| Percent B (%b) | 0.24 |
| BandWidth | 45.47 |
| MACD Line | 0.03 |
| MACD Signal Line | 0.07 |
| MACD Histogram | -0.0448 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 1.18 | ||||
| Resistance 3 (R3) | 1.17 | 1.17 | 1.17 | ||
| Resistance 2 (R2) | 1.17 | 1.16 | 1.17 | 1.17 | |
| Resistance 1 (R1) | 1.16 | 1.16 | 1.17 | 1.17 | 1.17 |
| Pivot Point | 1.16 | 1.16 | 1.16 | 1.16 | 1.16 |
| Support 1 (S1) | 1.15 | 1.15 | 1.16 | 1.16 | 1.15 |
| Support 2 (S2) | 1.15 | 1.15 | 1.15 | 1.15 | |
| Support 3 (S3) | 1.14 | 1.15 | 1.15 | ||
| Support 4 (S4) | 1.15 |
