Ready for upsideThe stock appears to be in a pullback phase. I anticipate it will find support around the previous monthly highs, keeping prices contained between that level and the anchored VWAP (Volume-Weighted Average Price) from the recent swing high. Once the price advances back up toward this anchored VWAP and experiences a slight pullback, the key will be to break through it. If the stock establishes a pattern of higher highs and higher lows on the 30-minute chart, it would strengthen the bullish outlook.
RYAM trade ideas
RYAM Long Idea - Daily - Target is $16.00 by Oct 29thSimilar setup to that last push up with the divergences. That support buying area goes all the way back to a double bottom in 9/2015 + 2/2016. Price also wicked into this area when forming the descending wedge that it is in.
I see the first lighter targets getting hit quickly before there is a retrace to find some support before resuming to final targets. Fib levels match up perfectly for this target and I really like this setup.
RYAM - Long at Last - *ON HIGH ALERT FOR WEEK*I have been watching RYAM for a longg time waiting for this breakout and its coming and its going to explode like GCI did. You obviously want to trade BOTH trend breaks. So you entry is a full candle AND retest of these breaks will update later. I have 4 alerts including volume alert.
RYAM long setupAfter the release of good financials on Feb. 24, there is a significant increase in volume in RYAM. Many buyers have entered the market here.
This results in a nice setup for a swing trade of several days in the daily chart.
The overriding trend in the weekly chart also confirms the current market direction.
It is quite possible that already today at market opening some profits are taken after yesterday's rise, but until the end of the week, the probability is high that RYAM books a further increase.
Good trades!
$RYAM $6.00 reclaimed, upside should resumeTop (daily): RYAM has pulled back into the all important $6.00 level and the upper side of the rising parallel channel, which is now holding as support after twice before acting as resistance
Bottom (weekly): longer term context of $6.00 level, if RYAM can stay above it, the stock could complete the right side of a rounded bottom, as fast as the drop occurred from $15 to $6 back in 2019, the rise can occur just as quickly
$RYAM #Breakout #SetupI posted about NYSE:RYAM couple months back when it was setting up for an ascending triangle breakout. The stock completed that breakout and now seems to be setting up another breakout entry above $4.70 level. The stock tested that level multiple times in the last 2 months and has been trading in narrow range body candles right under pattern resistance on very light volume (indicating supply is drying up and potentially setting the stage for the next rally).
$RYAM turn coming?In September of 2018 this stock was above $20. Currently at 2.81. I think a big reversal could be in the future for this chemical company. There were quite a few directors that exercised options in May, as well as a purchase by the CEO in May (about a month before a big pop in the stock . I would be long with these directors/CEO above 2.90ish
Rayonier Advanced Materials, $3.00 target Rayonier Advanced Materials, Inc. engages in the production and sale of cellulose products, which is a natural polymer commonly used in the production of cell phone and computer screens, filters, and pharmaceuticals. It operates through the following segments: High Purity Cellulose, Forest Products, Paperboard, Pulp and Newsprint, and Corporate. The High Purity Cellulose segment manufacture and market high purity cellulose, which is sold as either cellulose specialties or commodity products in U.S., Canda, and France. The Forest Products segment manufacture and market construction-grade lumber in North America through seven sawmills located in Canada. The Paperboard segment comprises paperboard products. The Pulp and Newsprint segment involves in the production of pulp and newsprint in Canada. The Corporate segment consists senior management, accounting, information systems, human resources, treasury, tax, and legal administrative functions that provide support services to the operating business units. The company was founded in 1926 and is headquartered in Jacksonville, FL.
$RYAM Rayonier Long into earnings For a safer entry a move above the 100ma should provide a nice rally, earnings could very well be that catalyst.
Rayonier (NYSE:RYAM) has concluded its previously announced sale of the Matane, Quebec pulp mill and related assets to Sappi, a global diversified wood fiber company, for a total purchase price of $175M.
Net of fees, expenses and other adjustments, the company expects to receive approximately $150M.
As previously disclosed, $100M of the proceeds will be used to repay a portion of the company's senior secured credit facilities, with the remaining funds to be retained and used for general corporate purposes.
Source Seekingalpha
Average analysts price target $7.58
Rayonier Advanced Materials, Inc. engages in the production and sale of cellulose specialties. Its products include high-purity cellulose, lumber, paper and pulp, and paperboard. The company operates through the following segments: High Purity Cellulose, Forest Products, Pulp and Paper. The High Purity Cellulose segment focuses on research and development capabilities and activities. The Forest Products segment manufacture and market construction-grade lumber in North America through seven sawmills located in Canada. The Pulp segment manufactures and markets high-yield pulp products. The Paper segment manufactures and markets paper products consisting of paperboard and newsprint. The company was founded in 1926 and is headquartered in Jacksonville, FL.