Ruanyun Edai Technology Inc [NASDAQ: RYET] loss -90.60% or -18.32 points to close at $1.9 with a heavy trading volume of 12701079 shares.
If we look at the average trading volume of 771.33K shares, RYET reached to a volume of 12701079 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for RYET stock
Ruanyun Edai Technology Inc [RYET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -80.55.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RYET stock in for the last two-week period is set at 38.87, with the RSI for the last a single of trading hit 4.15, and the three-weeks RSI is set at 2.99 for Ruanyun Edai Technology Inc [RYET]. The present Moving Average for the last 50 days of trading for this stock 9.52, while it was recorded at 11.72 for the last single week of trading.
