REE Should I Buy
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$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
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REE is not a good buy right now. Despite being extremely oversold (which can trigger short-lived bounces), the primary trend is still decisively bearish, options are pricing extreme volatility, and the latest quarterly fundamentals show a near-collapse in revenue with ongoing large losses. For an impatient buyer looking to enter immediately, the risk/reward is unfavorable versus waiting for a confirmed trend reversal.
Trend is strongly bearish: moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5) and MACD histogram (-0.0149) is below zero and expanding negatively, signaling downside momentum is still building. RSI_6 at ~7.1 is deeply oversold, which increases the odds of a reflex bounce, but oversold is not a reversal signal by itself while MACD/MA structure remains bearish. Key levels: price ~0.59 is below pivot (0.684) and near S2 (0.566); immediate resistance levels are S1/nearby (0.611) then pivot (0.684). A break and hold above ~0.611–0.684 would be needed to argue a credible near-term reversal; otherwise the path of least resistance remains down.
Extremely oversold RSI can fuel a short-term technical bounce.
Call-heavy options open interest/volume indicates some speculative appetite for upside moves.
Pattern-based projection shows a modest positive bias over 1 week/month (+2.65% / +1.66%), though not strong.
Clear ongoing downtrend (bearish MA stack + worsening MACD momentum).
No supportive news flow in the past week to catalyze a sustained reversal.
Very weak latest-quarter revenue trend (near total collapse YoY) and continuing large losses.
Extremely high implied volatility implies unstable moves and poor risk/reward for immediate entry.
No notable hedge fund/insider accumulation signals recently (both neutral).
Latest reported quarter: 2024/Q4. Revenue fell to 12,000 (down ~97.36% YoY), indicating severe contraction/limited commercialization. Net income improved slightly YoY but remained deeply negative at -37.296M (still large losses). EPS was -0.81 (reported as down ~76.45% YoY), pointing to continued shareholder value pressure. Gross margin remained negative (level -7,782.61), which reinforces that the business model is not currently operating at sustainable unit economics. Overall: fundamentals do not support an immediate bullish entry.
No analyst rating or price target change data was provided, so a recent trend in Wall Street upgrades/downgrades cannot be assessed from the dataset. Based on the available information, the 'pro' case would rely on a speculative oversold bounce and option-call interest; the 'con' case is dominant: collapsing revenue, continued losses, and a strongly bearish technical trend.
