Technical Analysis for REE - REE Automotive Ltd.

Grade Last Price % Change Price Change
C 7.15 8.53% 0.56
REE closed down 2.8 percent on Wednesday, November 20, 2024, on 12 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Nov 28
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 8.53%
New Downtrend Bearish 8.53%
Hammer Candlestick Bullish 8.53%
Lower Bollinger Band Walk Weakness 8.53%
Lower Bollinger Band Touch Weakness 8.53%
Oversold Stochastic Weakness 8.53%
Fell Below 50 DMA Bearish 5.49%
Lower Bollinger Band Walk Weakness 5.49%
Lower Bollinger Band Touch Weakness 5.49%
Oversold Stochastic Weakness 5.49%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 2 hours ago
Up 10% about 2 hours ago
Up 1 ATR about 2 hours ago
60 Minute Opening Range Breakout about 4 hours ago
Hammer Candlestick Entry about 4 hours ago

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Profile

REE Automotive Ltd. Description

REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance. Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.


Classification

Sector: Consumer Cyclical
Industry: Recreational Vehicles
Keywords: Electric Vehicle Sustainable Transport

Is REE 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 8.79
52 Week Low 2.91
Average Volume 392,186
200-Day Moving Average 5.24
50-Day Moving Average 6.95
20-Day Moving Average 7.43
10-Day Moving Average 7.25
Average True Range 0.61
RSI (14) 42.20
ADX 29.08
+DI 20.53
-DI 21.95
Chandelier Exit (Long, 3 ATRs) 6.97
Chandelier Exit (Short, 3 ATRs) 7.98
Upper Bollinger Bands 8.33
Lower Bollinger Band 6.53
Percent B (%b) 0.04
BandWidth 24.32
MACD Line -0.02
MACD Signal Line 0.14
MACD Histogram -0.1579
Fundamentals Value
Market Cap 55.21 Million
Num Shares 8.38 Million
EPS -10.74
Price-to-Earnings (P/E) Ratio -0.61
Price-to-Sales 46.87
Price-to-Book 0.47
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.51
Resistance 3 (R3) 7.47 7.12 7.36
Resistance 2 (R2) 7.12 6.89 7.14 7.31
Resistance 1 (R1) 6.86 6.74 6.68 6.90 7.25
Pivot Point 6.51 6.51 6.42 6.53 6.51
Support 1 (S1) 6.24 6.27 6.07 6.28 5.93
Support 2 (S2) 5.89 6.13 5.92 5.87
Support 3 (S3) 5.63 5.89 5.82
Support 4 (S4) 5.67