Technical Analysis for RAYA - Erayak Power Solution Group Inc.

Grade Last Price % Change Price Change
D 0.67 -16.25% -0.13
RAYA closed down 16.25 percent on Tuesday, September 10, 2024, on 3.34 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
New Downtrend Bearish 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Down 2 ATRs about 20 hours ago
Down 10% about 20 hours ago
Reversed from Down about 22 hours ago
Lower Bollinger Band Support about 23 hours ago
60 Minute Opening Range Breakdown 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 19,149
200-Day Moving Average 0.78
50-Day Moving Average 0.86
20-Day Moving Average 0.88
10-Day Moving Average 0.88
Average True Range 0.09
RSI (14) 35.90
ADX 27.38
+DI 18.93
-DI 31.60
Chandelier Exit (Long, 3 ATRs) 0.73
Chandelier Exit (Short, 3 ATRs) 0.87
Upper Bollinger Bands 1.03
Lower Bollinger Band 0.73
Percent B (%b) -0.2
BandWidth 33.80
MACD Line -0.01
MACD Signal Line 0.01
MACD Histogram -0.0223
Fundamentals Value
Market Cap 7.37 Million
Num Shares 11 Million
EPS 0.15
Price-to-Earnings (P/E) Ratio 4.47
Price-to-Sales 0.27
Price-to-Book 0.37
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.01
Resistance 3 (R3) 1.03 0.93 0.95
Resistance 2 (R2) 0.93 0.84 0.92 0.93
Resistance 1 (R1) 0.80 0.79 0.75 0.78 0.92
Pivot Point 0.70 0.70 0.67 0.69 0.70
Support 1 (S1) 0.57 0.61 0.52 0.56 0.42
Support 2 (S2) 0.47 0.56 0.46 0.41
Support 3 (S3) 0.34 0.47 0.39
Support 4 (S4) 0.33