RAYD Rayliant Quantitative Dev Mkt Eq ETF Forecast, Technical & Fundamental Analysis
RAYD's RSI Indicator climbs out of oversold territory
The RSI Oscillator for RAYD moved out of oversold territory on August 18, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 8 similar instances when the indicator left oversold territory. In of the 8 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RAYD advanced for three days, in of 95 cases, the price rose further within the following month. The odds of a continued upward trend are .
RAYD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RAYD as a result. In of 30 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for RAYD turned negative on September 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .
RAYD moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RAYD crossed bearishly below the 50-day moving average on September 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 5 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 RAYD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for RAYD entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
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
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TWHIX | 19.67 | 0.02 | +0.10% |
| American Century Heritage Inv | |||
| PISEX | 13.75 | -0.01 | -0.07% |
| Columbia Pyrford International Stock C | |||
| BKDIX | 9.44 | -0.03 | -0.32% |
| BlackRock Defensive Advantage Intl K | |||
| IRSEX | 15.89 | -0.12 | -0.73% |
| Delaware Real Estate Securities R6 | |||
| LMOPX | 22.63 | -0.21 | -0.92% |
| Patient Opportunity C | |||
RAYD and
Correlation & Price change
A.I.dvisor indicates that over the last year, RAYD has been closely correlated with VTI. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if RAYD jumps, then VTI could also see price increases.
| Ticker / NAME | Correlation To RAYD | 1D Price Change % | ||
|---|---|---|---|---|
| RAYD | 100% | -0.04% | ||
| VTI - RAYD | 85% Closely correlated | -0.21% | ||
| IVV - RAYD | 85% Closely correlated | -0.24% | ||
| SPY - RAYD | 85% Closely correlated | -0.22% | ||
| VOO - RAYD | 85% Closely correlated | -0.24% | ||
| VIG - RAYD | 84% Closely correlated | -0.13% |