REE AUTOMOTIVE LTD - CLASS A (REE) Stock Technical Analysis
NASDAQ:REE • IL0011786154
We assign a technical rating of 0 out of 10 to REE. REE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 97% of all other stocks performed better in the past year than REE.
- REE is part of the Automobile Components industry. There are 41 other stocks in this industry, of which 82% are performing better than REE.
- REE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month REE has a been trading in the 0.54 - 0.78 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
REE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.61. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for REE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.54
When analyzing the support we notice one important area.
- A support zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for REE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for REE is down. |
| ChartMill Relative Strength | 3.84 | NEGATIVE | REE has a low relative strength, it was outperformed by 96.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of REE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of REE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of REE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.5 | NEUTRAL | The RSI value for REE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests REE has a positive trend. |
| Stochastics (14,3) | 37.92 | NEUTRAL | The Stochastics value for REE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for REE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.98 | NEUTRAL | The ADX value for REE suggests a possible start of a new trend. |
0.5959
+0.03 (+4.53%)
REE AUTOMOTIVE LTD - CLASS A / REE FAQ
Can you provide the ChartMill technical rating for REE AUTOMOTIVE LTD - CLASS A?
ChartMill assigns a technical rating of 0 / 10 to REE.
What is the trend direction for REE stock?
The current trend direction for REE AUTOMOTIVE LTD - CLASS A (REE) is Bearish.
What is the RSI signal for REE stock?
REE AUTOMOTIVE LTD - CLASS A (REE) has an RSI value of 42.5003. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for REE AUTOMOTIVE LTD - CLASS A?
The buy/sell signal for REE AUTOMOTIVE LTD - CLASS A (REE) is sell as both the short term and long term trends are negative.
What is the support and resistance level for REE stock?
REE AUTOMOTIVE LTD - CLASS A (REE) has a support level at 0.55 and a resistance level at 0.61. Check the full technical report for our detailed analysis of REE support and resistance levels.