Technical Analysis for RAYS - Global X Solar ETF

Grade Last Price % Change Price Change
A 10.91 -1.62% -0.18
RAYS closed down 1.62 percent on Friday, November 1, 2024, on 2.1 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish -1.62%
Crossed Above 200 DMA Bullish -1.62%
Narrow Range Bar Range Contraction -1.62%
Gapped Up Strength -1.62%
180 Bullish Setup Bullish Swing Setup 1.96%
Narrow Range Bar Range Contraction 1.96%

   Recent Intraday Alerts

Alert Time
200 DMA Support about 21 hours ago
Down 3% about 21 hours ago
Fell Below Previous Day's Low about 21 hours ago
Down 2 % about 21 hours ago
Down 1% about 21 hours ago

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Profile

The Global X Solar ETF seeks to invest in companies positioned to benefit from the advancement of the global solar technology industry. This includes companies involved in solar power production; the integration of solar into energy systems; and the development/manufacturing of solar-powered generators, engines, batteries, and other technologies related to the utilization of solar as an energy source.
Classification

Keywords: Renewable Energy Energy Conversion Solar Power Solar Energy Sustainable Energy Energy Systems Energy Source Solar Thermal Energy Development/Manufacturing

Top 10 Components

Symbol Grade Price % Change Allocation
FSLR C 5.38 8.50
ENPH F 0.60 6.07
RUN C 2.15 3.43
AY A 0.09 1.59
SHLS F 2.59 1.34
ARRY D 2.60 1.29
SEDG F 3.69 1.23
NOVA F -5.60 0.81
CSIQ D 6.18 0.68
AMPS C -2.91 0.41

Is RAYS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 13.588
52 Week Low 9.27
Average Volume 5,518
200-Day Moving Average 10.83
50-Day Moving Average 10.39
20-Day Moving Average 10.65
10-Day Moving Average 10.64
Average True Range 0.34
RSI (14) 53.92
ADX 16.76
+DI 44.33
-DI 33.64
Chandelier Exit (Long, 3 ATRs) 11.61
Chandelier Exit (Short, 3 ATRs) 10.73
Upper Bollinger Bands 11.91
Lower Bollinger Band 9.39
Percent B (%b) 0.6
BandWidth 23.69
MACD Line 0.08
MACD Signal Line 0.04
MACD Histogram 0.0432
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.30
Resistance 3 (R3) 11.27 11.12 11.24
Resistance 2 (R2) 11.12 11.02 11.13 11.21
Resistance 1 (R1) 11.01 10.96 11.07 11.04 11.19
Pivot Point 10.86 10.86 10.88 10.87 10.86
Support 1 (S1) 10.75 10.76 10.81 10.78 10.63
Support 2 (S2) 10.60 10.70 10.61 10.61
Support 3 (S3) 10.49 10.60 10.59
Support 4 (S4) 10.52