RING ENERGY INC (REI) Stock Technical Analysis
USA - NYSEARCA:REI - US76680V1089 - Common Stock
1.01 USD
-0.05 (-4.72%)
1.02 USD
+0.01 (+0.99%)
We assign a technical rating of 7 out of 10 to REI. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, REI is a bad performer.
When comparing the yearly performance of all stocks, REI is a bad performer in the overall market: 81% of all stocks are doing better.
REI is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 60% 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 and short term trends are both positive. This is looking good!
In the last month REI has a been trading in the 0.86 - 1.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
REI has an average volume of 2988980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, REI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.73
1.12
When analyzing the support we can see 2 important areas.
- Support @0.97 from a horizontal line in the daily time frame.
- Support @0.74 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @1.05 from a trend line in the weekly time frame.
- Resistance @1.07 from a trend line in the daily time frame.
- A resistance zone ranging from 1.10 to 1.11. 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 | 19.16 | NEGATIVE | REI has a low relative strength, it was outperformed by 80.84% 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) | 55.44 | NEUTRAL | The RSI value for REI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests REI has a negative trend. |
| Stochastics (14,3) | 43.52 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.55 | 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)
1.01
-0.05 (-4.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.72%
1 Week3.06%
2 Weeks-7.34%
1 Month8.43%
3 Month26.17%
6 Month-15.13%
12 Month-39.52%
2 Year-48.21%
3 Year-56.47%
5 Year48.53%
10 Year-89.77%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.47%
ATR Inc-5.25%
Range Today0.06
ADR(20)0.06
ADR(20)%6.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.16
Mansfield-2.1
10 Day High1.1
10 Day Low0.96
20 Day High1.15
20 Day Low0.86
52 Week High1.81
52 Week Low0.72
CS1 End0.97
CR1 Start1.05
Volume & EV
DER(3)-0.47%
DER(5)-0.1%
Volume3.43M
Volume Incr-38.1%
Vol(5)2.05M
Vol(50)2.99M