Technical Analysis for REI - Ring Energy, Inc.

Grade Last Price % Change Price Change
C 1.77 -1.12% -0.02
REI closed down 1.12 percent on Wednesday, May 8, 2024, on 68 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Fell Below 50 DMA Bearish -1.12%
MACD Bearish Centerline Cross Bearish -1.12%
Expansion Pivot Sell Setup Bearish Swing Setup -1.12%
Lower Bollinger Band Walk Weakness -1.12%
Earnings Movers Other -1.12%
Below Lower BB Weakness -1.12%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 11 hours ago
60 Minute Opening Range Breakout about 13 hours ago
200 DMA Support about 15 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago

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Profile

As of June 28, 2012, Ring Energy, Inc. was acquired by Stanford Energy Company, in a reverse merger transaction. Ring Energy, Inc., a development stage company, engages in the acquisition and development of oil and gas leases, and marketing of crude oil and natural gas derived from them in the United States. It holds a 25% working interest in the Anderson Prospect, an oil and gas lease comprising approximately 440 acres located in Howard County, Texas. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is based in Tulsa, Oklahoma.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Crude Oil Energy Industry Oil And Gas Law Oil And Gas Lease

Is REI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.43
52 Week Low 1.25
Average Volume 1,859,676
200-Day Moving Average 1.73
50-Day Moving Average 1.86
20-Day Moving Average 1.97
10-Day Moving Average 1.91
Average True Range 0.09
RSI (14) 37.50
ADX 31.4
+DI 16.41
-DI 31.14
Chandelier Exit (Long, 3 ATRs) 1.93
Chandelier Exit (Short, 3 ATRs) 1.99
Upper Bollinger Bands 2.15
Lower Bollinger Band 1.79
Percent B (%b) -0.05
BandWidth 18.53
MACD Line -0.02
MACD Signal Line 0.02
MACD Histogram -0.0342
Fundamentals Value
Market Cap 346.27 Million
Num Shares 196 Million
EPS 0.28
Price-to-Earnings (P/E) Ratio 6.32
Price-to-Sales 0.77
Price-to-Book 0.35
PEG Ratio 1.82
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.88
Resistance 3 (R3) 1.87 1.84 1.86
Resistance 2 (R2) 1.84 1.81 1.84 1.85
Resistance 1 (R1) 1.80 1.79 1.79 1.81 1.85
Pivot Point 1.77 1.77 1.76 1.77 1.77
Support 1 (S1) 1.73 1.74 1.72 1.74 1.69
Support 2 (S2) 1.70 1.72 1.70 1.69
Support 3 (S3) 1.66 1.70 1.68
Support 4 (S4) 1.67