Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Ring Energy, Inc. (AMEX:REI)
Strong Downtrend (-100) - REI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, REI continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid REI?
MarketClub looks at technical strength and momentum to determine if the timing is right for REI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for REI
The long-term trend has been DOWN since Dec 22nd, 2022 at 2.155
The intermediate-term trend has been DOWN since Feb 1st, 2023 at 2.230
The short-term trend has been DOWN since Mar 24th, 2023 at 1.785
Smart Scan Analysis for REI
Based on our trend formula, REI is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.740 | 1.830 | 1.719 | 1.795 | -0.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.820 | 1346928 | 2023-03-24 15:14:41 |
| Year High | 17.35 | Year High Date | 2018-05-09 |
| Year Low | 6.75 | Year Low Date | 2018-10-29 |
| 52wk High | 5.09 | 52wk High Date | 2022-05-06 |
| 52wk Low | 1.625 | 52wk Low Date | 2023-03-16 |
| Average Volume | 2,835,120 | Shares Outstanding | 174,411 |
| Market Cap | 101M | Assets | 126,899,979M |
| Liabilities | 607,896,406M | P/E Ratio | 1.8571 |
| Volatility | 54.33 |