What does a 3-day price advance indicate for RAYS?

Following a +3.32% 3-day Advance, the price is estimated to grow further. Considering data from situations where RAYS advanced for three days, in 125 of 162 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.

RAYS

AS OF

Feb 21 closing price

Price

$9.11

Change

-$0.16 (-1.73%)

Net Assets

5.96M

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RAYS

ETF ticker: NASDAQ

AS OF

Feb 21 closing price

Price

$9.11

Change

-$0.16 (-1.73%)

Net Assets

5.96M

RAYS stock forecast, quote, news & analysis

Category: @Miscellaneous Sector

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a Summary for RAYS with price predictions

Jan 29, 2025

RAYS's Stochastic Oscillator entering oversold zone

The Stochastic Oscillator for RAYS moved into oversold territory on January 29, 2025. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RAYS advanced for three days, in of 162 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RAYS 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 RAYS entered a downward trend on January 27, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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published Highlights

Notable companies

The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Canadian Solar (NASDAQ:CSIQ).

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Solar Index ("underlying index"). The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of solar technology. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X Solar ETF ETF is 5.53B. The market cap for tickers in the group ranges from 169.42M to 18.04B. FSLR holds the highest valuation in this group at 18.04B. The lowest valued company is MAXN at 169.42M.

High and low price notable news

The average weekly price growth across all stocks in the Global X Solar ETF ETF was -1%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was -7%. SHLS experienced the highest price growth at 14%, while MAXN experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Global X Solar ETF ETF was -9%. For the same stocks of the ETF, the average monthly volume growth was -32% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 78

P/E Growth Rating: 62

Price Growth Rating: 67

SMR Rating: 80

Profit Risk Rating: 93

Seasonality Score: -40 (-100 ... +100)

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