Ree Automotive Holding Stock Technical Analysis
| REE Stock | USD 9.19 0.09 0.99% |
As of the 23rd of December, Ree Automotive holds the Semi Deviation of 4.59, coefficient of variation of 704.17, and Risk Adjusted Performance of 0.1212. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ree Automotive, as well as the relationship between them. Please check Ree Automotive Holding variance, as well as the relationship between the maximum drawdown and semi variance to decide if Ree Automotive Holding is priced some-what accurately, providing market reflects its current price of 9.19 per share. Given that Ree Automotive has jensen alpha of 0.8658, we recommend you to check out Ree Automotive Holding's recent market performance to make sure the company can sustain itself at a future point.
Ree Automotive Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ree, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ReeRee |
Ree Automotive Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 14.38 | Strong Buy | 4 | Odds |
Most Ree analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ree stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ree Automotive Holding, talking to its executives and customers, or listening to Ree conference calls.
Ree Automotive technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Ree Automotive Holding Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ree Automotive Holding volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ree Automotive Holding Trend Analysis
Use this graph to draw trend lines for Ree Automotive Holding. You can use it to identify possible trend reversals for Ree Automotive as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ree Automotive price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ree Automotive Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ree Automotive Holding applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that Ree Automotive Holding will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 52.89, which is the sum of squared deviations for the predicted Ree Automotive price change compared to its average price change.About Ree Automotive Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ree Automotive Holding on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ree Automotive Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ree Automotive Holding price pattern first instead of the macroeconomic environment surrounding Ree Automotive Holding. By analyzing Ree Automotive's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ree Automotive's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ree Automotive specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 77.7K | 167.97 | 193.17 | 183.51 | PTB Ratio | 5.22 | 0.65 | 0.66 | 0.63 |
Ree Automotive December 23, 2024 Technical Indicators
Most technical analysis of Ree help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ree from various momentum indicators to cycle indicators. When you analyze Ree charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1212 | |||
| Market Risk Adjusted Performance | 1.21 | |||
| Mean Deviation | 4.63 | |||
| Semi Deviation | 4.59 | |||
| Downside Deviation | 4.91 | |||
| Coefficient Of Variation | 704.17 | |||
| Standard Deviation | 6.28 | |||
| Variance | 39.47 | |||
| Information Ratio | 0.1369 | |||
| Jensen Alpha | 0.8658 | |||
| Total Risk Alpha | 0.7062 | |||
| Sortino Ratio | 0.1753 | |||
| Treynor Ratio | 1.2 | |||
| Maximum Drawdown | 33.38 | |||
| Value At Risk | (7.62) | |||
| Potential Upside | 13.21 | |||
| Downside Variance | 24.07 | |||
| Semi Variance | 21.04 | |||
| Expected Short fall | (5.50) | |||
| Skewness | 0.8849 | |||
| Kurtosis | 1.64 |
Complementary Tools for Ree Stock analysis
When running Ree Automotive's price analysis, check to measure Ree Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ree Automotive is operating at the current time. Most of Ree Automotive's value examination focuses on studying past and present price action to predict the probability of Ree Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ree Automotive's price. Additionally, you may evaluate how the addition of Ree Automotive to your portfolios can decrease your overall portfolio volatility.
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