REE AUTOMOTIVE LTD - CLASS A (REE) Stock Technical Analysis
USA - NASDAQ:REE - IL0011786154 - Common Stock
Taking everything into account, REE scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. REE was also a bad performer in the overall market in the last year.
REE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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0.62
When analyzing the support we can see 4 important areas.
- Support @1.16 from a horizontal line in the daily time frame.
- Support @0.73 from a trend line in the daily time frame.
- A support zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.28 to 1.29. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for REE is up. |
| ChartMill Relative Strength | 17.24 | NEGATIVE | REE has a low relative strength, it was outperformed by 82.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REE is above the rising 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) | 63.31 | NEUTRAL | The RSI value for REE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests REE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.63 | NEUTRAL | The Stochastics value for REE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.35 | HIGH VOLATILITY | The high ATR as a percentage value for REE suggests high volalility. |
| Average Directional Index/ADX (14) | 44.86 | POSITIVE | The high ADX value value for REE suggests a strong trend. |
1.22
+0.05 (+4.27%)
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 5 / 10 to REE.
What is the current trend direction of REE AUTOMOTIVE LTD - CLASS A (REE) stock?
The current trend direction for REE AUTOMOTIVE LTD - CLASS A (REE) is Bearish.
What is the RSI signal for REE AUTOMOTIVE LTD - CLASS A (REE) stock?
REE AUTOMOTIVE LTD - CLASS A (REE) has an RSI value of 63.3113. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REE AUTOMOTIVE LTD - CLASS A?
The MACD indicator for REE AUTOMOTIVE LTD - CLASS A (REE) has a value of 0.0199507, indicating a bearish trend.
What is the buy/sell signal for REE AUTOMOTIVE LTD - CLASS A (REE) stock?
The buy/sell signal for REE AUTOMOTIVE LTD - CLASS A (REE) is hold as the short term and long term trends are mixed.