RING ENERGY INC (REI) Technical Analysis
NYSEARCA:REI • US76680V1089
Taking everything into account, REI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, REI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- REI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 73% of 207 stocks in the same industry.
- 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 3865660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, REI did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month REI has a been trading in the 1.20 - 1.64 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.
REI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
0.89
3 important support areas can be observed.
- A support zone ranging from 1.38 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.93 from a trend line in the weekly time frame.
- Support @0.90 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.55 to 1.56. This zone is formed by a combination of multiple trend lines 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 | 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 | 90.37 | POSITIVE | REI has a high relative strength, it outperformed 90.37% 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) | 58.35 | 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. |
| Stochastics (14,3) | 63.34 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.69 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.6 | POSITIVE | The high ADX value value for REI suggests a strong trend. |
REI Technicals: Chart, Performance Metrics, Trend & Indicators
1.43
-0.07 (-4.67%)
RING ENERGY INC / REI 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 58.3525. 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 -0.000298677, indicating a bearish trend.
What is the support and resistance level for REI stock?
RING ENERGY INC (REI) has a support level at 1.38 and a resistance level at 1.55. Check the full technical report for our detailed analysis of REI support and resistance levels.