RAY.X's Indicator enters downward trend
The Aroon Indicator for RAY.X entered a downward trend on September 14, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 224 similar instances where the Aroon Indicator formed such a pattern. In of the 224 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RAY.X as a result. In of 58 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RAY.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RAY.X's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for RAY.X just turned positive on September 15, 2023. Looking at past instances where RAY.X's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RAY.X advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .
RAY.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| BKES | 37.71 | 0.17 | +0.45% |
| BNY Mellon Sustainable Glbl Em Mkts ETF | |||
| FTEC | 121.51 | 0.41 | +0.34% |
| Fidelity® MSCI Information Tech ETF | |||
| GGN | 3.69 | N/A | N/A |
| GAMCO Global Gold Natural Resources & Income Trust | |||
| LGOV | 20.32 | -0.08 | -0.39% |
| First Trust Long Duration Opp ETF | |||
| HTY | 4.36 | -0.02 | -0.46% |
| John Hancock Tax-Advantaged Global Shareholder Yield Fund | |||
RAY.X and
Correlation & Price change
A.I.dvisor indicates that over the last year, RAY.X has been closely correlated with SRM.X. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if RAY.X jumps, then SRM.X could also see price increases.
| Ticker / NAME | Correlation To RAY.X | 1D Price Change % | ||
|---|---|---|---|---|
| RAY.X | 100% | -0.69% | ||
| SRM.X - RAY.X | 68% Closely correlated | +1.04% | ||
| FTT.X - RAY.X | 59% Loosely correlated | -3.63% | ||
| CVC.X - RAY.X | 59% Loosely correlated | -0.02% | ||
| MIR.X - RAY.X | 38% Loosely correlated | +4.00% | ||
| BTT.X - RAY.X | 34% Loosely correlated | -0.85% | ||
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