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Stock Trend Analysis Report
Prepared for you on Saturday, December 7, 2024.
Raytech Holding Limited - ordinary shares (NASDAQ:RAY)
Long-Term Downtrend (-90) - RAY is in a strong downtrend that is likely to continue. While RAY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 4.2300
The intermediate-term trend has been DOWN since Nov 22nd, 2024 at 1.4102
The short-term trend has been DOWN since Dec 5th, 2024 at 1.3500
Smart Scan Analysis for RAY
Based on our trend formula, RAY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2300 | 1.3858 | 1.2300 | 1.3858 | +0.0858 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.4000 | 9282 | 2024-12-06 15:46:24 |
| 52wk High | 6.04 | 52wk High Date | 2024-05-15 |
| 52wk Low | 1.11 | 52wk Low Date | 2024-08-19 |
| Average Volume | 17,431 | Shares Outstanding | 17,500 |