Taking everything into account, REE scores 1 out of 10 in our technical rating. REE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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.
- 98% of all other stocks performed better in the past year than REE.
- REE is part of the Automobile Components industry. There are 42 other stocks in this industry, of which 90% 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 0.65 - 1.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
REE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.67, a Stop Loss order could be placed below this zone. 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.
More info and screens
0.64
When analyzing the support we notice one important area.
- A support zone ranging from 0.65 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.76 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.80 to 0.81. 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 | NEUTRAL | NEUTRAL | The short term trend for REE is neutral. |
| ChartMill Relative Strength | 2.34 | NEGATIVE | REE has a low relative strength, it was outperformed by 97.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of REE is below the rising 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) | 44.88 | 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) | 15.44 | OVERSOLD | The low Stochastics value suggests REE may be oversold. |
| Average True Range in percent/ATR (20) | 11.31 | HIGH VOLATILITY | The high ATR as a percentage value for REE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.51 | NEUTRAL | The ADX value for REE suggests a possible start of a new trend. |
0.7389
-0.02 (-2.31%)
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 1 / 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 44.8793. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for REE AUTOMOTIVE LTD - CLASS A?
REE AUTOMOTIVE LTD - CLASS A (REE) has a support level at 0.67 and a resistance level at 0.76. Check the full technical report for our detailed analysis of REE support and resistance levels.