REE AUTOMOTIVE LTD - CLASS A (REE)
IL0011786154 - Common Stock
We assign a technical rating of 6 out of 10 to REE. In the last year, REE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month REE has a been trading in the 7.60 - 11.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
REE is part of the Automobile Components industry. There are 82 other stocks in this industry. REE outperforms 93% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, REE did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
REE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so REE is lagging the market slightly.
REE has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.44
10.85
We found 3 important support areas.
- A support zone ranging from 8.32 to 8.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.10 from a horizontal line in the daily time frame.
- Support @6.50 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @9.52 from a trend line in the daily time frame.
- Resistance @10.74 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.88
Mansfield3.77
10 Day High10.24
10 Day Low7.6
20 Day High11.63
20 Day Low7.6
52 Week High11.72
52 Week Low2.91
Performance
1 Week-13.05%
2 Weeks-11.32%
1 Month-17.06%
3 Month11.17%
6 Month109.41%
12 Month63.64%
2 Year-43.6%
3 Year-93.2%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.2
RSI(14)46.92
LBB7.75
UBB10.17
REE AUTOMOTIVE LTD - CLASS A
NASDAQ:REE (1/14/2025, 8:02:17 PM)
8.46
+0.35 (+4.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg4.32%
1 Week-13.05%
2 Weeks-11.32%
1 Month-17.06%
3 Month11.17%
6 Month109.41%
12 Month63.64%
2 Year-43.6%
3 Year-93.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%12.08%
ATR Inc-13.05%
Range Today0.35
ADR(20)1.02
ADR(20)%12.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.88
Mansfield3.77
10 Day High10.24
10 Day Low7.6
20 Day High11.63
20 Day Low7.6
52 Week High11.72
52 Week Low2.91
CS1 End8.43
CR1 Start9.52
Volume & EV
DER(3)-9.8%
DER(5)-12.89%
Volume21.20K
Volume Incr-55.66%
Vol(5)55.62K
Vol(50)80.82K