Here we’ll take a number of key indicators in order to compile some directional analysis on shares of Rayonier Inc. (RYN), we note that the trendspotter opinion is currently Buy. This signal uses a system combining volatility, momentum, and wave theory to help pinpoint the general trend. The trendspotter strength signal is currently Average. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Strengthening. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
20-day Bollinger (identifies short-term overbought and oversold zones): “Buy”
20-Day MA (Short term signal used to observe price changes): “Buy“.
20-50 Day MACD (Used to identify bullish or bearish directional movement): “Buy“
Let’s take a look at some recent technical levels on shares of Rayonier Inc. (RYN). The current 14-day RSI is noted at 70.43, the 7-day is 76.82, and the 3-day is seen at 84.15. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.
Rayonier Inc. (RYN) currently has a 1 month MA of 38.03. Investors may use moving averages for various reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may keep an eye out for when the stock price crosses a particular moving average and then closes on the other side. These moving average crossovers may be used to help spot momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the start of a downward move. On the flip side, a cross above a moving average may suggest a possible uptrend. Investors may be focused on many different time periods when studying moving averages. The stock currently has a 3 month MA of 36.58, and a 6 month MA of 34.5.
Traders may be focusing on other technical indicators for stock assessment. Presently, Rayonier Inc. (RYN) has a 14-day Commodity Channel Index (CCI) of 128.98. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.
A common look back period is 14 days. Rayonier Inc. (RYN)’s Williams %R presently stands at -2.73. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.
Currently, the 14-day ADX for Rayonier Inc. (RYN) is sitting at 34.59. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
A widely used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for spotting peaks and troughs. They may also be used to help the trader figure out reliable support and resistance levels for the stock. Currently, the 200-day MA is sitting at 32.59.