RING ENERGY INC (REI) Stock Technical Analysis
NYSEARCA:REI • US76680V1089
We assign a technical rating of 8 out of 10 to REI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, REI is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- REI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so REI is lagging the market slightly.
- REI has an average volume of 2395230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, REI turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- REI is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, REI did better than 54% of them.
- In the last month REI has a been trading in the 0.93 - 1.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although REI has an excellent technical rating, it does not present a decent entry opportunity 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
0.87
3 important support areas can be observed.
- Support @1.20 from a horizontal line in the daily time frame.
- Support @0.91 from a trend line in the weekly time frame.
- Support @0.88 from a trend 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 | 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 | 67.97 | NEUTRAL | REI is not amongst the best or worst performers 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) | 64.1 | NEUTRAL | The RSI value for REI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests REI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.33 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 42.16 | POSITIVE | The high ADX value value for REI suggests a strong trend. |
1.27
+0.06 (+4.96%)
RING ENERGY INC / REI FAQ
Can you provide the ChartMill technical rating for RING ENERGY INC?
ChartMill assigns a technical rating of 8 / 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 64.1004. 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 0.00595701, indicating a bearish trend.
What is the support and resistance level for REI stock?
RING ENERGY INC (REI) has a support level at 1.2. Check the full technical report for our detailed analysis of REI support and resistance levels.