REE Automotive Ltd (REE): Price Down $-0.05 (-1.29)% Over Past Day, Down $0 (0)% Over Past Hour

The Hourly View for REE

At the time of this writing, REE (Get Ratings)’s price is down $0 (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as REE has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

REE ranks 25th in terms of today’s price percentage change out of Automobiles and Trucks stocks.

REE’s Technical Outlook on the Daily Chart

Currently, REE’s price is down $-0.05 (-1.29%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. REE Automotive Ltd’s price action over the past 90 days can be seen via the chart below.

REE

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REE: Daily RSI Analysis

  • REE’s RSI now stands at 83.0769.
  • Note: REE and RSI appear to be diverging in terms of their respective trends, with REE declining at a faster rate than RSI.

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