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Stock Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
Raytech Holding Limited - ordinary shares (NASDAQ:RAY)
Weak Downtrend (-65) - RAY is showing signs of a strengthening downtrend. Monitor RAY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RAY?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAY.
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 RAY
The long-term trend has been DOWN since May 17th, 2024 at 4.230
The intermediate-term trend has been DOWN since Aug 5th, 2024 at 3.005
The short-term trend has been UP since Sep 12th, 2024 at 1.900
Smart Scan Analysis for RAY
Based on our trend formula, RAY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9400 | 1.9900 | 1.9300 | 1.9601 | -0.0399 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.0000 | 12350 | 2024-09-16 15:20:18 |
| 52wk High | 6.04 | 52wk High Date | 2024-05-15 |
| 52wk Low | 1.11 | 52wk Low Date | 2024-08-19 |
| Average Volume | 310,111 | Shares Outstanding | 17,500 |
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