Erayak Power's 15min chart shows KDJ Golden Cross and Bullish Marubozu signal.

Erayak Power's 15-minute chart has exhibited a significant bullish signal, as the KDJ Golden Cross was triggered at 07/18/2025 15:45. This indicator suggests that the momentum of the stock price is shifting in favor of an upward trend, with a high likelihood of further price appreciation. The Bullish Marubozu candlestick pattern, which is characterized by a long, unbroken green candle with no shadows, also supports this bullish outlook. As buyers continue to dominate the market, the bullish momentum is likely to persist, suggesting a positive direction for Erayak Power's stock price in the near term.

Title: Erayak Power: Bullish Momentum Drives Stock Price to New Heights

Erayak Power's (RAYA) stock has experienced a significant surge, reaching new heights and attracting investor attention. On July 18, 2025, at 15:45, the KDJ Golden Cross was triggered on the 15-minute chart, indicating a bullish signal and a shift in momentum in favor of an upward trend. This was further supported by the appearance of a Bullish Marubozu candlestick pattern, characterized by a long, unbroken green candle with no shadows, suggesting strong buying pressure and a positive outlook for the stock price.

The stock's price surged by 19.95% to $3.00, hitting a 52-week high of $3.27. The trading volume surged by 2,558% from its average daily turnover, suggesting a sudden influx of speculative buying. This explosive intraday rally has investors questioning whether this is a technical breakout or the start of a sustained trend. The stock's negative P/E ratio and mixed sector momentum add to the intrigue, but the price action itself has become the primary driver of the rally.

Technical indicators such as Bollinger Bands, RSI, and MACD provide further insight into the stock's current status. RAYA is trading near the upper Bollinger Band, signaling overbought conditions, while the RSI stands at 56.15, indicating neutral momentum. The MACD shows a bullish divergence, suggesting that the stock could continue to rise. Bulls must defend the $3.00 level while targeting resistance at $3.27. Below $2.87, the 50-day moving average offers critical support, but the 200-day moving average remains far below, indicating a long-term bearish undertone.

Erayak Power's recent performance, following a 20.77% intraday surge on July 7, 2025, indicates significant positive market reaction. However, historical analysis suggests caution for those relying on recent highs as a buying trigger. Over the past five years, this strategy resulted in an annualized return of -22.4%, underperforming the market. While short-term gains can be impressive, they do not necessarily translate into sustained long-term profitability.

Erayak Power's focus on renewable energy solutions positions it well for potential growth as demand for sustainable energy increases. This strategic positioning could offer long-term investors opportunities, but performance will be closely tied to broader trends in the renewable energy sector. Investors should consider both the short-term potential for gains and the long-term risks and opportunities associated with the company's strategic positioning in the renewable energy market.

In conclusion, while the recent surge in Erayak Power's stock price is a positive sign, historical performance suggests that relying solely on recent highs as a buying trigger is not a reliable strategy. Investors should monitor the stock's price action closely, with a focus on key resistance levels at $3.27 and $3.50, and support levels at $2.87. A breach of $3.27 could unlock further gains, but a failure to hold $2.87 risks reversing the rally.

References:
[1] https://www.ainvest.com/news/erayak-power-surges-20-52-week-high-driving-volatility-2507/
[2] https://simplywall.st/stocks/us/capital-goods/nasdaq-raya/erayak-power-solution-group/news/after-leaping-45-erayak-power-solution-group-inc-nasdaqraya