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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Erayak Power Solution Group Inc. (NASDAQ:RAYA)
Weak Downtrend (-65) - RAYA is showing signs of a strengthening downtrend. Monitor RAYA as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RAYA?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RAYA
The long-term trend has been UP since Jan 2nd, 2024 at 1.0900
The intermediate-term trend has been DOWN since Mar 26th, 2024 at 0.6610
The short-term trend has been DOWN since May 9th, 2024 at 0.6215
Smart Scan Analysis for RAYA
Based on our trend formula, RAYA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6520 | 0.6520 | 0.6110 | 0.6110 | -0.0401 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6511 | 1515 | 2024-05-09 10:12:59 |
| 52wk High | 2.68 | 52wk High Date | 2023-06-16 |
| 52wk Low | 0.44 | 52wk Low Date | 2023-12-22 |
| Average Volume | 43,884 | Shares Outstanding | 11,000 |
| Assets | 35,285,266M | Liabilities | 15,083,178M |
| P/E Ratio | 6.511 |
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