Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
New Ray Medicine International Holding Ltd.

6108.HK Technical Analysis Summary (HKSE)

Analyze 6108.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

6108.HK●HKSE
HealthcareMedical - Pharmaceuticals
HK$0.24
HK$0.03(12.92%)
Hong Kong Market is Open · 12:59

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

6108.HK Technical Analysis Summary (HKSE)

New Ray Medicine International Holding Ltd. (HKSE: 6108.HK) stock currently shows a bullish trend on the HKSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 63.58)
Trend Strength:Moderate (ADX: 29.78)
Volatility:Medium (ATR: 0.01)
Support/Resistance:$0.20 – $0.23 (Bollinger Bands)

Technical conditions suggest New Ray Medicine International Holding Ltd. on the HKSE is awaiting a decisive move. Overall, New Ray Medicine International Holding Ltd. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 63.58

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 44.90

Neutral
Mid-range signal with no clear trend.

Williams %R: -30.61

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 16.34

Strongly Bullish
Strong upside momentum.

Takeaway:New Ray Medicine International Holding Ltd. shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 29.78

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 119.98

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:New Ray Medicine International Holding Ltd. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.23
Middle Band (SMA 20)
$0.21
Lower Band
$0.20
Current Position
Above Upper Band

Takeaway:New Ray Medicine International Holding Ltd. trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$0.23
Middle Line (EMA 20)
$0.22
Lower Channel
$0.20
Squeeze Status
No Squeeze

Takeaway:New Ray Medicine International Holding Ltd. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-127.92K
Money Flow Index86.98Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index32.83Bearish, price momentum favors sellers.

Overall Takeaway:6108.HK shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of New Ray Medicine International Holding Ltd. (HKSE: 6108.HK), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:New Ray Medicine International Holding Ltd. currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(HKSE: 6108.HK) Technical Analysis FAQ