Looked like a red star with an oval shaped ring of light.

I was skating to 711 when I looked up and noticed what looked like a comet or something with a faint oval shaped ring of light around it. When I looked closer I noticed it wasn't moving and was sitting stationary. I looked at it for about 45 seconds when it started floating away and I realized it was hovering directly above the neighborhood less than a few hundred feet up. The ring around it disappeared once it flew off so I think it was an outline of the craft that I only saw because of the lighting or something. When it flew away I thought it was a plane or helicopter or something but it was way too fast and was making all of these u turns and zigzag. I watched it fly over the horizon in less than a minute. I took a video of it but it is really faint and it just looks like a star or a plane. I have a galaxy s9 and the camera isn't great for night shots so I could barely see it once I looked at the video. I have always wanted to see something like this and I expected it to be much more exciting. It was pretty awesome to see but I almost didn't even believe I saw it and assumed it was something easily explained until I thought about it for a while and talked to a buddy about it.