RING ENERGY INC (REI) Stock Technical Analysis
USA - NYSEARCA:REI - US76680V1089 - Common Stock
0.9863 USD
+0.04 (+4.7%)
0.9794 USD
-0.01 (-0.7%)
We assign a technical rating of 2 out of 10 to REI. REI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
83% of all other stocks performed better in the past year than REI.
REI is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 72% 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.
REI has an average volume of 2498250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month REI has a been trading in the 0.91 - 1.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, REI does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
0.73
1.09
We found 3 important support areas.
- A support zone ranging from 0.96 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.91 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.05 from a trend line in the weekly time frame.
- Resistance @1.08 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 | NEUTRAL | NEUTRAL | The long term trend for REI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for REI is neutral. |
| ChartMill Relative Strength | 17.44 | NEGATIVE | REI has a low relative strength, it was outperformed by 82.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of REI is above 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 | MIXED | The current price of REI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.17 | 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. |
| Stochastics (14,3) | 34.02 | NEUTRAL | The Stochastics value for REI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for REI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for REI suggests a weak or negative 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)
0.9863
+0.04 (+4.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.7%
1 Week3.55%
2 Weeks-1.37%
1 Month-6.95%
3 Month5.88%
6 Month19.89%
12 Month-35.54%
2 Year-40.22%
3 Year-63.47%
5 Year56.98%
10 Year-90.11%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%5.16%
ATR Inc31.61%
Range Today0.05
ADR(20)0.05
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.44
3 months CRS70.56
6 months CRS77.8
Mansfield-1.72
10 Day High1.01
10 Day Low0.91
20 Day High1.05
20 Day Low0.91
52 Week High1.62
52 Week Low0.72
CS1 End0.98
CR1 Start1.05
Volume & EV
DER(3)-11.27%
DER(5)-7.6%
Volume2.57M
Volume Incr-17.43%
Vol(5)2.06M
Vol(50)2.50M
RING ENERGY INC / REI FAQ
Can you provide the ChartMill technical rating for RING ENERGY INC?
ChartMill assigns a technical rating of 2 / 10 to REI.
What is the current trend direction of RING ENERGY INC (REI) stock?
The current trend direction for RING ENERGY INC (REI) is Bearish.
Can you provide the RSI signal for RING ENERGY INC?
RING ENERGY INC (REI) has an RSI value of 50.1737. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RING ENERGY INC?
RING ENERGY INC (REI) has a support level at 0.98 and a resistance level at 1.05. Check the full technical report for our detailed analysis of REI support and resistance levels.