REE AUTOMOTIVE LTD - CLASS A (REE) Technical Analysis
NASDAQ:REE • IL0011786154
Current stock price
REE Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to REE. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 94% of all other stocks performed better in the past year than REE.
- REE is one of the lesser performing stocks in the Automobile Components industry. 85% of 42 stocks in the same industry do better.
- 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 0.51 - 0.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
REE Weekly and Daily overview Charts
REE Setup Rating and Analysis
Although the technical rating is bad, REE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.59, a Stop Loss order could be placed below this zone.
More info and screens
REE Support and Resistance Analysis
0.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.53 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.66 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.71 from a horizontal line in the daily time frame.
REE Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for REE is neutral. |
| ChartMill Relative Strength | 6.03 | NEGATIVE | REE has a low relative strength, it was outperformed by 93.97% 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) | UP | MIXED | The current price of REE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.8 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 53.62 | NEUTRAL | The Stochastics value for REE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for REE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for REE suggests a weak or negative trend. |
REE Chart- and CandleStick Pattern Analysis
REE Technicals: Chart, Performance Metrics, Trend & Indicators
0.623
+0.02 (+3.83%)
REE AUTOMOTIVE LTD - CLASS A / REE TA FAQ
Can you provide the ChartMill technical rating for REE AUTOMOTIVE LTD - CLASS A?
ChartMill assigns a technical rating of 2 / 10 to REE.
Can you provide the trend direction for REE AUTOMOTIVE LTD - CLASS A?
The current trend direction for REE AUTOMOTIVE LTD - CLASS A (REE) is Bearish.
Can you provide the RSI signal for REE AUTOMOTIVE LTD - CLASS A?
REE AUTOMOTIVE LTD - CLASS A (REE) has an RSI value of 52.8034. This indicates that the stock is currently neutral.
Can you provide the short term momentum for REE AUTOMOTIVE LTD - CLASS A?
The short term momentum for REE AUTOMOTIVE LTD - CLASS A (REE) is neutral.