REI.X's RSI Oscillator dives into oversold zone

The RSI Indicator for REI.X moved into overbought territory on June 11, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1.78% 3-day Advance, the price is estimated to grow further. Considering data from situations where REI.X advanced for three days, in 113 of 152 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.

REI.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

$REI

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