RING ENERGY INC (REI) Stock Technical Analysis
NYSEARCA:REI - NYSE Arca - US76680V1089 - Common Stock - Currency: USD
Overall REI gets a technical rating of 0 out of 10. REI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than REI.
REI is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 87% are performing better than REI.
REI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so REI is lagging the market.
REI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
REI has an average volume of 2438170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, REI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.78. Right above this resistance zone may be a good entry point.
More info and screens
0.72
1.07
When analyzing the support we notice one important area.
- A support zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.78 to 0.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.06 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 | DOWN | NEGATIVE | The long term trend for REI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for REI is down. |
| ChartMill Relative Strength | 5.87 | NEGATIVE | REI has a low relative strength, it was outperformed by 94.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of REI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of REI is below a declining 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) | 37.03 | NEUTRAL | The RSI value for REI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests REI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.71 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 32.78 | 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)
0.7381
-0.02 (-2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.7%
1 Week-0.75%
2 Weeks-1.84%
1 Month-13.17%
3 Month-32.28%
6 Month-46.51%
12 Month-54.72%
2 Year-56.84%
3 Year-72.25%
5 Year-36.37%
10 Year-93.4%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.04%
ATR Inc-10.57%
Range Today0.04
ADR(20)0.05
ADR(20)%6.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.87
Mansfield-4.92
10 Day High0.82
10 Day Low0.72
20 Day High0.94
20 Day Low0.72
52 Week High2.06
52 Week Low0.72
CS1 End0.73
CR1 Start0.78
Volume & EV
DER(3)-2.77%
DER(5)1.78%
Volume3.02M
Volume Incr35.9%
Vol(5)3.22M
Vol(50)2.44M