$RAY Month Hare Multidimensional Composite Index Analysis Results

Moving Average (MA):

Short-term (10-day SMA and EMA): shows a sell signal.

Medium-term (50-day SMA and EMA): shows a sell signal.

Long-term (200-day SMA and EMA): shows a sell signal.

Comprehensive results: Both the short-term and medium-term show sell signals, and the long-term trend is also bearish.

Relative Strength Index (RSI):

The current RSI value shows an oversold state in the 14-day cycle, indicating that there may be a rebound opportunity, but the overall market sentiment is biased towards selling.

Bollinger Bands:

The price is close to the lower track, indicating that the market may be in an oversold state, and there may be a rebound in the short term.

MACD:

The MACD line is below the signal line, showing a sell signal.

The momentum indicator shows that the market momentum is weak.

Volume Analysis:

The recent increase in trading volume is accompanied by a drop in prices, indicating that selling pressure is large and the downward trend may continue in the short term.

Fibonacci retracement line:

The key support level is around $1.50, and the resistance level is around $2.00.

The current price is $1.798, close to the support level, and there is a possibility of a rebound near the support level.

Comprehensive conclusion

Combining these technical indicators, RAY's multi-dimensional composite index shows that there is a possibility of continued decline in the short term. It is recommended to consider taking profit when the price approaches the key support level of $1.50. If you hold a short position, you can take profit near $1.50 to avoid excessive risk. At the same time, the market may rebound, and you need to pay close attention to price dynamics and volume changes.