RECON TECHNOLOGY LTD-CLASS A (RCON) Technical Analysis
NASDAQ:RCON • KYG7415M1327
Current stock price
0.9451 USD
-0.01 (-0.69%)
At close:
0.9738 USD
+0.03 (+3.04%)
After Hours:
RCON Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to RCON. RCON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, RCON is a bad performer in the overall market: 93% of all stocks are doing better.
- RCON is one of the lesser performing stocks in the Energy Equipment & Services industry. 93% of 62 stocks in the same industry do better.
- RCON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month RCON has a been trading in the 0.75 - 1.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RCON Weekly and Daily overview Charts
RCON Setup Rating and Analysis
RCON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
RCON Support and Resistance Analysis
0.82
1.45
When analyzing the support we notice one important area.
- Support @0.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 0.96 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.05 from a trend line in the daily time frame.
- A resistance zone ranging from 1.07 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.28 from a trend line in the weekly time frame.
- Resistance @1.44 from a trend line in the daily time frame.
RCON Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RCON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCON is neutral. |
| ChartMill Relative Strength | 7.58 | NEGATIVE | RCON has a low relative strength, it was outperformed by 92.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RCON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RCON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.03 | NEUTRAL | The RSI value for RCON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RCON has a positive trend. |
| Stochastics (14,3) | 59.34 | NEUTRAL | The Stochastics value for RCON is a neutral value. |
| Average True Range in percent/ATR (20) | 10.55 | HIGH VOLATILITY | The high ATR as a percentage value for RCON suggests high volalility. |
| Average Directional Index/ADX (14) | 14.39 | NEGATIVE | The low ADX value for RCON suggests a weak or negative trend. |
RCON Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
RCON Technicals: Chart, Performance Metrics, Trend & Indicators
0.9451
-0.01 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.69%
1 Week7.34%
2 Weeks1.6%
1 Month9.88%
3 Month-32.97%
6 Month-49.46%
12 Month-42.02%
2 Year-44.56%
3 Year-87.49%
5 Year-99.39%
10 Year-99.2%
15 Year-99.67%
Volatility
ATR(14)0.11
ATR(20)%10.55%
ATR Inc-1.43%
Range Today0.13
ADR(20)0.1
ADR(20)%10.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.58
3 months CRS8.53
6 months CRS8.71
Mansfield-5.07
10 Day High1
10 Day Low0.79
20 Day High1.06
20 Day Low0.75
52 Week High7.16
52 Week Low0.75
CS1 End0.83
CR1 Start0.96
Volume & EV
DER(3)2.44%
DER(5)-4.18%
Volume4.50K
Volume Incr-79.53%
Vol(5)23.90K
Vol(50)91.92K
RECON TECHNOLOGY LTD-CLASS A / RCON TA FAQ
What is the technical rating for RCON stock?
ChartMill assigns a technical rating of 1 / 10 to RCON.
Can you provide the trend direction for RECON TECHNOLOGY LTD-CLASS A?
The current trend direction for RECON TECHNOLOGY LTD-CLASS A (RCON) is Bearish.
Can you provide the RSI signal for RECON TECHNOLOGY LTD-CLASS A?
RECON TECHNOLOGY LTD-CLASS A (RCON) has an RSI value of 49.0343. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RECON TECHNOLOGY LTD-CLASS A?
The MACD indicator for RECON TECHNOLOGY LTD-CLASS A (RCON) has a value of 0.0246819, indicating a bearish trend.
What is the short term momentum for RCON stock?
The short term momentum for RECON TECHNOLOGY LTD-CLASS A (RCON) is neutral.