Technical Analysis for RAYA - Erayak Power Solution Group Inc.

Grade Last Price % Change Price Change
C 2.73 7.05% 0.18
RAYA closed down 2.67 percent on Monday, January 30, 2023, on 11 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.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
NR7 Range Contraction 7.05%
Narrow Range Bar Range Contraction 7.05%
Inside Day Range Contraction 7.05%
Wide Bands Range Expansion 7.05%
Pocket Pivot Bullish Swing Setup 4.20%
Wide Bands Range Expansion 4.20%
Hot IPO Pullback Bullish Swing Setup 9.64%
Wide Bands Range Expansion 9.64%
Inside Day Range Contraction 9.20%
Wide Bands Range Expansion 9.20%

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Alert Time
Down 1% about 4 hours ago
Rose Above 20 DMA 7 days ago
20 DMA Support 7 days ago
10 DMA Support 7 days ago
Rose Above Previous Day's High 7 days 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 1.72
Average Volume 175,372
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 2.33
10-Day Moving Average 2.40
Average True Range 0.36
RSI 47.64
ADX 8.95
+DI 28.36
-DI 19.59
Chandelier Exit (Long, 3 ATRs) 1.77
Chandelier Exit (Short, 3 ATRs) 2.88
Upper Bollinger Bands 2.74
Lower Bollinger Band 1.92
Percent B (%b) 0.77
BandWidth 35.32
MACD Line -0.02
MACD Signal Line -0.07
MACD Histogram 0.0443
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.75
Resistance 3 (R3) 2.76 2.69 2.72
Resistance 2 (R2) 2.69 2.64 2.69 2.71
Resistance 1 (R1) 2.62 2.61 2.59 2.62 2.69
Pivot Point 2.56 2.56 2.55 2.56 2.56
Support 1 (S1) 2.49 2.51 2.46 2.48 2.41
Support 2 (S2) 2.43 2.48 2.43 2.39
Support 3 (S3) 2.36 2.43 2.38
Support 4 (S4) 2.35