The RAY price has recorded a gain of more than 35% at its daily high, demonstrating a strong positive market movement and increased investor interest. Such a rise from a chart pattern can often be interpreted as a signal for further price gains.
Positive Signals for Future Price Developments
The significant increase for Stingray Group Inc. (Ticker: RAY.A) on June 11, 2025, of +9.23% within a trading day shows that short-term jumps of similar magnitude are possible. This supports speculation that the RAY price could rise by at least another 9%.
Price Targets and Forecasts
For RaySearch Laboratories (ISIN SE0000135485), which also uses the abbreviation “RAY,” the average price target set by analysts is around 330 SEK, while the current price is about 230 SEK. This reflects a price potential of around 43% and indicates further upward potential.
Overall, it can be said that the current rise of over +35% is a strong signal for a bullish market movement. Similar movements in the past and current analyst opinions suggest that an additional increase of at least 9% is quite possible. However, it should be noted that such forecasts must be treated with caution despite positive technical patterns and market sentiments.
Therefore, the answer is: After breaking out from the chart pattern, the RAY price could very well rise by at least another +9%. These expectations are supported by current daily movements, but a secure prediction remains uncertain.