Index Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Global X Funds (NASDAQ:RAYS)
Sidelines Mode (+55) - RAYS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RAYS?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RAYS
The long-term trend has been DOWN since Dec 20th, 2021 at 22.614
The intermediate-term trend has been UP since May 19th, 2022 at 18.819
The short-term trend has been DOWN since Jun 29th, 2022 at 21.574
Smart Scan Analysis for RAYS
Based on our trend formula, RAYS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||28.53||52wk High Date||2021-11-01|
|52wk Low||16.2||52wk Low Date||2022-04-26|
|Average Volume||20,691||Shares Outstanding||350|