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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.

Open High Low REI Price Change
1.740 1.830 1.719 1.795 -0.025
Entry Signal

MarketClub’s Trade Triangles for REI

long term down The long-term trend has been DOWN since Dec 22nd, 2022 at 2.155

intermediate term down The intermediate-term trend has been DOWN since Feb 1st, 2023 at 2.230

short term down 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).

Smart Scan Analysis for REI
Strong Downtrend Sideways 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 High17.35Year High Date2018-05-09
Year Low6.75Year Low Date2018-10-29
52wk High5.0952wk High Date2022-05-06
52wk Low1.62552wk Low Date2023-03-16
Average Volume2,835,120Shares Outstanding174,411
Market Cap101MAssets126,899,979M
Liabilities607,896,406MP/E Ratio1.8571
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