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.
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.
0.72
When analyzing the support we notice one important area.
We can see 3 important resistance areas.
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. |
0.7381
-0.02 (-2.7%)