RAYS's Stochastic Oscillator slumps 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.
General Information
Category MiscellaneousSector
RAYS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RAYS has been closely correlated with TAN. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if RAYS jumps, then TAN could also see price increases.
| Ticker / NAME | Correlation To RAYS | 1D Price Change % | ||
|---|---|---|---|---|
| RAYS | 100% | -1.73% | ||
| TAN - RAYS | 86% Closely correlated | -2.66% | ||
| ICLN - RAYS | 80% Closely correlated | -1.39% | ||
| QCLN - RAYS | 69% Closely correlated | -3.02% | ||
| XT - RAYS | 59% Loosely correlated | -1.61% | ||
| GRID - RAYS | 56% Loosely correlated | -1.99% | ||
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