Technical analysis from Ring Energy (REI, AMEX:REI) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

Ring Energy
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Price moved on low volume to close higher for the day for REI [Easily Moved]
Ease of Movement /
Price moved on low volume to close higher for the day for REI [Easily Moved]

REI: EOM Current Signal -> (1) 22 Jun: BULLISH EASY (2) 21 Jun: BEARISH EASY (3) 20 Jun: BEARISH EASY

MACD Volume /
Volume MACD oscillator remains negative for REI

REI: Volume MACD Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Close Tod Vs Range Tod /
Daily trading for REI indicated buyers are now in control

[BULLISH]: Ring Energy buyers are in control at the market close. This is the first day of buyer commitment for Ring Energy adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 20 trading days with the closing price in the upper part of the range giving a confirmation ratio of 58.8%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 20 days in the upper price range compared to 22 days in the lower range giving a ratio of 0.9x.

Close Tod Vs Close Yest /
Daily trading performance for REI has initiated a short term uptrend

[BULLISH]: Ring Energybuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for REI adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 6.5 & the greatest daily positive change this year has been 6.5. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 6.5%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 6.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 2.700000%

Coles Reaction Day /
Daily trading produced a rally day for Ring Energy

Ring Energy: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for REI

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Opening Price /
Ring Energy: Daily opening performance is 0.7 % [Uptrend]

[BULLISH]: Ring Energy opening price has gapped up. Currently, the OPEN is $12.28 (0.7 %).

Simple Moving Average /
Ring Energy is in a short term uptrend with the support price @$12.464

[BULLISH]: Ring Energy currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 6.5%.

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Ring Energy: Buyers continue to be increasingly eager.
Range Tod Vs Range Yest /
Ring Energy: Buyers continue to be increasingly eager.

REI: Range today versus range yesterday Current Signal ->(1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BEARISH

REI: Short term trend has confirmed an Uptrend
Short Trend /
REI: Short term trend has confirmed an Uptrend

[BULLISH]: Ring Energy is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 2

Fibonacci Extensions /
Limit order for a short position has been identified for Ring Energy @$0

Ring Energy has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for REI should be set @$0 & short position stoploss for Ring Energy should be set at $0

Volume /
Ring Energy: Daily volume is 1.6154e+006 [Higher Volume]

[BULLISH]: Ring Energy current volume uptrend in the first timeframe. Volume for REI is 1.6154e+006 (104.6).

Percentage Price /
Ring Energy currently has negative PPO -7.334

[BEARISH]: Ring Energy currently has negative PPO -7.334%. This means the current price is losing momentum through a fall on the short term exponential moving average.

William %R oversold signal has just been neutralized for Ring Energy
Williams %R /
William %R oversold signal has just been neutralized for Ring Energy

REI: William %R Recent Trading -> (1) 22 Jun: -54.1 (2) 21 Jun: -96.7 (3) 20 Jun: -79.2

The WMA trend following signal is now active for Ring Energy [Bullish]
Weighted Moving Average /
The WMA trend following signal is now active for Ring Energy [Bullish]

[BULLISH]: Ring Energy currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 6.5%.

Fibonacci Fans /
Ring Energy has yet to break the 61.8% retracement fan level ($0) [Bullish]

Ring Energy is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for REI should be set @$89.28 & Stoploss for Ring Energy should be set between $87.82

Open Tod Vs Close Tod /
Ring Energy opened in the lower part of daily range at 10.9% & closed in the upper part of the trading range at 78.1%. This suggests the buyers were in control all day.

[BULLISH STRONG]: Ring Energy opened in the lower part of daily range at 10.9% & closed in the upper part of the trading range at 78.1%. This suggests the buyers were in control all day. Over the last 12 months there has been 7 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 20.6%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Triangular Moving Average /
The TMA trend following signal is now active for Ring Energy [Bullish]

REI: TMA Current Signal -> (1) 22 Jun: BULLISH CROSSOVER (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Range for REI has surpassed the range of the previous trading session
Price Range /
Range for REI has surpassed the range of the previous trading session

REI: Price Range Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BEARISH

Ring Energy is no longer oversold [Neutral]
Stochastic Oscillator /
Ring Energy is no longer oversold [Neutral]

REI: Stochastic Oscillator Signal -> (1) 22 Jun: BULLISH CROSSUNDER (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

A short term Pivot Reversal has formed with Ring Energy
Pivot Reversal /
A short term Pivot Reversal has formed with Ring Energy

[BULLISH]: A short term Pivot Reversal has formed with Ring Energy which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 8.8%.

Volume Rate of Change /
14-day volume rate of change is increasing for Ring Energy

[BULLISH]: Ring Energy currently has positive volume of change of 51%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 6.5%.

Fibonacci Retracements /
Ring Energy: Look for a long limit order entry @$0

Ring Energy is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for REI should be set @$89.28 & Stoploss for Ring Energy should be set between $87.82

Rate of Change /
Positive ROC confirmation for Ring Energy is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Ring Energy currently has positive rate of change of 2.006%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Medium Trend /
REI: Medium term trend is still an Downtrend

[BEARISH]: Ring Energy has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 18 2018.

Ring Energy: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Ring Energy: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Ring Energy current price has highlighted recent buying pressure. Currently, the Elders Force Index is 76830.

MACD for Ring Energy continues to gain momentum @0.2043
MACD /
MACD for Ring Energy continues to gain momentum @0.2043

[BULLISH]: Ring Energy currently has positive MACD of 0.2043. This means the signal line is greater than the MACD line signalling a bullish movement.

Aroon Oscillator /
Recent trading indicates Aroon downward trend direction likely for REI [Strong Downtrend]

[BEARISH]: Ring Energy has a current ARU(25) of 4 and a current ARD(25) of 96

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