RECON TECHNOLOGY LTD-CLASS A (RCON) Stock Technical Analysis
USA - NASDAQ:RCON - KYG7415M1327 - Common Stock
2.04 USD
+0.08 (+4.08%)
2.04 USD
0 (0%)
We assign a technical rating of 0 out of 10 to RCON. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 83% 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 1.88 - 2.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RCON does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.01, a Stop Loss order could be placed below this zone.
More info and screens
1.49
2.66
2 important support areas can be observed.
- A support zone ranging from 1.93 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.05 to 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.63 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 | DOWN | NEGATIVE | The long term trend for RCON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RCON is down. |
| ChartMill Relative Strength | 7.26 | NEGATIVE | RCON has a low relative strength, it was outperformed by 92.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RCON is above 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 | NEGATIVE | The current price of RCON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.21 | NEUTRAL | The RSI value for RCON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RCON has a positive trend. |
| Stochastics (14,3) | 33.8 | NEUTRAL | The Stochastics value for RCON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for RCON suggests high volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for RCON suggests a weak or negative 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)
2.04
+0.08 (+4.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg4.08%
1 Week4.62%
2 Weeks3.03%
1 Month-3.77%
3 Month-18.07%
6 Month40.77%
12 Month-41.21%
2 Year-50.94%
3 Year-89.41%
5 Year-89.7%
10 Year-97.71%
15 Year-99.61%
Volatility
ATR(14)0.11
ATR(20)%5.94%
ATR Inc21.18%
Range Today0.16
ADR(20)0.12
ADR(20)%5.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.26
Mansfield-1.53
10 Day High2.07
10 Day Low1.88
20 Day High2.24
20 Day Low1.88
52 Week High7.16
52 Week Low1.4
CS1 End2.01
CR1 Start2.05
Volume & EV
DER(3)-7.01%
DER(5)-4.7%
Volume30.90K
Volume Incr-25.88%
Vol(5)22.50K
Vol(50)59.42K