Stock Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
Ring Energy, Inc (AMEX:REI)
Sidelines Mode (+50) - REI is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until REI can gain momentum.
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.
MarketClub’s Trade Triangles for REI
The long-term trend has been DOWN since Aug 31st, 2020 at 0.6800
The intermediate-term trend has been UP since Oct 8th, 2020 at 0.8089
The short-term trend has been UP since Oct 21st, 2020 at 0.7210
Smart Scan Analysis for REI
Based on our trend formula, REI is rated as a +50 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||3.31||52wk High Date||2020-01-08|
|52wk Low||0.5182||52wk Low Date||2020-04-21|
|Average Volume||1,771,192||Shares Outstanding||67,981|