RING ENERGY INC (REI) Stock Technical Analysis
NYSEARCA:REI - NYSE Arca - US76680V1089 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to REI. In the past year, REI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
88% of all other stocks performed better in the past year than REI.
REI is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 80% are performing better than REI.
REI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month REI has a been trading in the 0.72 - 0.98 range, which is quite wide. It is currently trading near the high of this range.
REI has an average volume of 4432110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
REI 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.
More info and screens
0.73
0.98
When analyzing the support we notice one important area.
- Support @0.74 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.97 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for REI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REI is up. |
| ChartMill Relative Strength | 12.88 | NEGATIVE | REI has a low relative strength, it was outperformed by 87.12% 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) | DOWN | NEGATIVE | The current price of REI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.52 | NEUTRAL | The RSI value for REI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests REI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.55 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.95 | POSITIVE | The high ADX value value for REI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.93
-0.01 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.65%
1 Week0.9%
2 Weeks24%
1 Month16.76%
3 Month17.8%
6 Month-29.55%
12 Month-50.79%
2 Year-50.79%
3 Year-71.3%
5 Year35.73%
10 Year-90.93%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%5.86%
ATR Inc23.85%
Range Today0.05
ADR(20)0.05
ADR(20)%5.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.88
Mansfield-2.85
10 Day High0.98
10 Day Low0.75
20 Day High0.98
20 Day Low0.72
52 Week High1.94
52 Week Low0.72
CS1 End0.74
CR1 Start0.94
Volume & EV
DER(3)5.61%
DER(5)2.5%
Volume1.85M
Volume Incr-0.64%
Vol(5)3.26M
Vol(50)4.43M