RECON TECHNOLOGY LTD-CLASS A (RCON) Stock Technical Analysis
NASDAQ:RCON - KYG7415M1327 - Common Stock
2.25 USD
-0.03 (-1.32%)
Taking everything into account, RCON scores 0 out of 10 in our technical rating. RCON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, RCON is a bad performer in the overall market: 82% of all stocks are doing better.
RCON is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 60% are performing better than RCON.
RCON is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RCON has a been trading in the 2.04 - 4.35 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RCON has an average volume of 1085270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
RCON has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.49
2.78
When analyzing the support we notice one important area.
- Support @1.50 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.25 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.61 to 2.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.75 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for RCON is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RCON is down. |
| ChartMill Relative Strength | 18.39 | NEGATIVE | RCON has a low relative strength, it was outperformed by 81.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCON is below a declining 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 | MIXED | The current price of RCON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.83 | NEUTRAL | The RSI value for RCON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RCON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.62 | NEUTRAL | The Stochastics value for RCON is a neutral value. |
| Average True Range in percent/ATR (20) | 18.53 | HIGH VOLATILITY | The high ATR as a percentage value for RCON suggests high volalility. |
| Average Directional Index/ADX (14) | 52.15 | POSITIVE | The high ADX value value for RCON suggests a strong trend. |
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)
NASDAQ:RCON (8/29/2025, 10:30:18 AM)
2.25
-0.03 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.32%
1 Week-11.63%
2 Weeks-15.24%
1 Month-49.33%
3 Month9.88%
6 Month18.75%
12 Month-25%
2 Year-63.3%
3 Year-81.65%
5 Year-88.05%
10 Year-98.22%
15 Year-99.49%
Volatility
ATR(14)0.29
ATR(20)%18.53%
ATR Inc-44.02%
Range Today0.11
ADR(20)0.41
ADR(20)%18.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.39
Mansfield-1.1
10 Day High3.15
10 Day Low2.04
20 Day High4.35
20 Day Low2.04
52 Week High7.16
52 Week Low1.4
CS1 End2.27
CR1 Start2.61
Volume & EV
DER(3)-21.96%
DER(5)-16.73%
Volume4.37K
Volume Incr-95.02%
Vol(5)131.72K
Vol(50)1.09M