Stock Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Ring Energy, Inc (AMEX:REI)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for REI
The long term trend has been DOWN since Jun 4th, 2018 at 12.89
The intermediate term trend has been DOWN since Jul 30th, 2018 at 12.50
The short term trend has been DOWN since Nov 28th, 2018 at 7.01
Smart Scan Analysis for REI
Based on a pre-defined weighted trend formula for chart analysis, REI scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||17.35||Year High Date||2018-05-09|
|Year Low||6.75||Year Low Date||2018-10-29|
|52wk High||17.35||52wk High Date||2018-05-09|
|52wk Low||6.75||52wk Low Date||2018-10-29|