RECONNAISSANCE ENERGY - 29 (RECO-WT.CA) Stock Technical Analysis
TSX-V:RECO-WT - TSX Venture Exchange - - Currency: CAD
We assign a technical rating of 2 out of 10 to RECO-WT. RECO-WT'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.
Although the technical rating is bad, RECO-WT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RECO-WT 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.
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0.14
When analyzing the support we notice one important area.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for RECO-WT.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RECO-WT.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | RECO-WT.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RECO-WT.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RECO-WT.CA is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 49.59 | NEUTRAL | The RSI value for RECO-WT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RECO-WT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for RECO-WT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 16.67 | HIGH VOLATILITY | The high ATR as a percentage value for RECO-WT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.58 | NEGATIVE | The low ADX value for RECO-WT.CA suggests a weak or negative trend. |
TSX-V:RECO-WT (6/4/2025, 7:00:00 PM)
0.15
-0.01 (-3.23%)