RECON TECHNOLOGY LTD-CLASS A (RCON) Stock Technical Analysis
NASDAQ:RCON - Nasdaq - KYG7415M1327 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RCON. Both in the recent history as in the last year, RCON has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RCON is one of the better performing stocks in the market, outperforming 96% of all stocks.
RCON is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry. RCON outperforms 96% of them.
RCON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RCON is lagging the market.
In the last month RCON has a been trading in the 2.00 - 2.98 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.
Besides having an excellent technical rating, RCON also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for RCON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.46
2.73
We found 2 important support areas.
- A support zone ranging from 2.21 to 2.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.65 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for RCON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCON is up. |
| ChartMill Relative Strength | 96.04 | POSITIVE | RCON has a high relative strength, it outperformed 96.04% 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) | UP | POSITIVE | The current price of RCON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.59 | NEUTRAL | The RSI value for RCON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RCON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.7 | NEUTRAL | The Stochastics value for RCON is a neutral value. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for RCON suggests high volalility. |
| Average Directional Index/ADX (14) | 45.43 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.71 | 2.64 | 0.07 (2.58%) | 25.00% |
| An entry @2.71. This is a Buy Stop order right above the resistance zone. | An exit @2.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 2.58%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RCON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.6
-0.08 (-2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.99%
1 Week0%
2 Weeks28.85%
1 Month13.93%
3 Month68.03%
6 Month18.52%
12 Month86.11%
2 Year-56.74%
3 Year-77.44%
5 Year-86.94%
10 Year-98.01%
15 Year-99.39%
Volatility
ATR(14)0.3
ATR(20)%9.91%
ATR Inc-9.77%
Range Today0.01
ADR(20)0.25
ADR(20)%9.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.04
Mansfield1.31
10 Day High2.99
10 Day Low2
20 Day High2.99
20 Day Low2
52 Week High3.7
52 Week Low1.35
CS1 End2.67
CR1 Start2.69
Volume & EV
DER(3)17.81%
DER(5)13.29%
Volume1.83K
Volume Incr-91.1%
Vol(5)26.50K
Vol(50)128.00K