RECONNAISSANCE ENERGY AFRICA (RECO.CA) Technical Analysis
TSX-V:RECO • CA75624R1082
Current stock price
RECO.CA Technical Rating and Analysis
Taking everything into account, RECO scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RECO is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RECO is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- RECO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 208 stocks in the same industry.
- RECO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RECO is lagging the market slightly.
- In the last month RECO has a been trading in the 0.82 - 1.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RECO.CA Weekly and Daily overview Charts
RECO.CA Setup Rating and Analysis
RECO has an average technical rating and the quality of the presented setup is also not ideal 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
RECO.CA Support and Resistance Analysis
0.44
When analyzing the support we can see 4 important areas.
- Support @0.86 from a horizontal line in the daily time frame.
- Support @0.81 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.44 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.92 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.97 to 0.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.02 from a horizontal line in the weekly time frame.
RECO.CA 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 | UP | POSITIVE | The long term trend for RECO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RECO.CA is up. |
| ChartMill Relative Strength | 76.11 | POSITIVE | RECO.CA has a high relative strength, it outperformed 76.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RECO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RECO.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RECO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.34 | NEUTRAL | The RSI value for RECO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RECO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.35 | NEUTRAL | The Stochastics value for RECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for RECO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for RECO.CA suggests a possible start of a new trend. |
RECO.CA Chart- and CandleStick Pattern Analysis
RECO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:RECO (3/20/2026, 7:00:00 PM)
0.89
-0.04 (-4.3%)
RECONNAISSANCE ENERGY AFRICA / RECO.CA TA FAQ
Can you provide the ChartMill technical rating for RECONNAISSANCE ENERGY AFRICA?
ChartMill assigns a technical rating of 6 / 10 to RECO.CA.
What is the trend direction for RECO stock?
The current trend direction for RECONNAISSANCE ENERGY AFRICA (RECO.CA) is Bullish.
What is the RSI signal for RECO stock?
RECONNAISSANCE ENERGY AFRICA (RECO.CA) has an RSI value of 51.3401. This indicates that the stock is currently neutral.
What is the MACD signal for RECONNAISSANCE ENERGY AFRICA (RECO.CA) stock?
The MACD indicator for RECONNAISSANCE ENERGY AFRICA (RECO.CA) has a value of 0.00370603, indicating a bearish trend.
What is the buy/sell signal for RECO stock?
The buy/sell signal for RECONNAISSANCE ENERGY AFRICA (RECO.CA) is buy as both the short term and long term trends are positive.