RING ENERGY INC (REI) Technical Analysis
NYSEARCA:REI • US76680V1089
Current stock price
REI Technical Rating and Analysis
Taking everything into account, REI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, REI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- REI is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. REI outperforms 77% of them.
- REI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so REI is leading the market.
- REI has an average volume of 4968870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that REI is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month REI has a been trading in the 1.38 - 1.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
REI Weekly and Daily overview Charts
REI Setup Rating and Analysis
Besides having an excellent technical rating, REI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.53, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
REI Support and Resistance Analysis
0.91
We found 4 important support areas.
- A support zone ranging from 1.49 to 1.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.43 to 1.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.95 from a trend line in the weekly time frame.
- Support @0.92 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.62 to 1.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
REI 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 | UP | POSITIVE | The long term trend for REI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REI is up. |
| ChartMill Relative Strength | 94.67 | POSITIVE | REI has a high relative strength, it outperformed 94.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.49 | NEUTRAL | The RSI value for REI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests REI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.62 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 32.32 | POSITIVE | The high ADX value value for REI suggests a strong trend. |
REI Chart- and CandleStick Pattern Analysis
REI Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.63 | 1.48 | 0.15 (9.20%) | 10.87% |
| An entry @1.63. This is a Buy Stop order right above the resistance zone. | An exit @1.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 9.20%. | For a 1.00% total portfolio risk, you can invest 10.87% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
REI Technicals: Chart, Performance Metrics, Trend & Indicators
1.52
-0.09 (-5.59%)
RING ENERGY INC / REI TA FAQ
Can you provide the ChartMill technical rating for RING ENERGY INC?
ChartMill assigns a technical rating of 9 / 10 to REI.
Can you provide the trend direction for RING ENERGY INC?
The current trend direction for RING ENERGY INC (REI) is Bullish.
Can you provide the RSI signal for RING ENERGY INC?
RING ENERGY INC (REI) has an RSI value of 65.4899. This indicates that the stock is currently neutral.
What is the MACD signal for REI stock?
The MACD indicator for RING ENERGY INC (REI) has a value of -0.000235683, indicating a bearish trend.
What is the support and resistance level for REI stock?
RING ENERGY INC (REI) has a support level at 1.53 and a resistance level at 1.62. Check the full technical report for our detailed analysis of REI support and resistance levels.