RAYA has been continuously oversold. Will it rebound?

The stock RAYA (Erayak Power) has experienced a significant decline, with a decrease of 11.72%. However, whether it will rebound in the near term is uncertain and cannot be predicted with certainty.

1. **Recent Performance**: RAYA's stock price has slid after its initial public offering (IPO), with shares opening at $3.70 following a $12M US IPO, down from the $4 offering price. This indicates a negative reaction from investors or a correction from the initial optimism surrounding the IPO.
2. **Market Sentiment**: The overall market sentiment for RAYA is bearish, as indicated by its low relative strength index (RSI) of 14.86. An RSI below 30 is typically considered oversold territory, suggesting that the stock may be due for a rebound if market sentiment turns positive.

|code|Ticker|Name|Date|RSI|market_code|
|---|---|---|---|---|---|
|RAYA|RAYA.O|Erayak Power|20250729|14.8559|186|

3. **Company Fundamentals**: Erayak Power is a Chinese generator maker with a focus on power solutions for various sectors. The company's performance is likely tied to global economic conditions, particularly demand for its products in regions affected by power outages or infrastructure development.
4. **Investor Considerations**: Investors considering RAYA should weigh the potential for a rebound against the risks associated with its recent performance and the broader market conditions. It's also important to review the company's financial health, growth prospects, and any recent news or announcements that may impact its stock price.

In conclusion, while RAYA's current oversold status suggests that it may rebound if market sentiment improves, investors should exercise caution and consider the various factors that could influence the stock's future performance.