RECONNAISSANCE ENERGY AFRICA (RECO.CA) Stock Technical Analysis
TSX-V:RECO - CA75624R1082 - Common Stock
0.6 CAD
+0.04 (+7.14%)
Overall RECO gets a technical rating of 6 out of 10. RECO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, RECO is a bad performer in the overall market: 81% of all stocks are doing better.
RECO is part of the Oil, Gas & Consumable Fuels industry. There are 215 other stocks in this industry, of which 64% are performing better than RECO.
RECO 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month RECO has a been trading in the 0.48 - 0.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RECO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.59
0.65
We can see 2 important resistance areas.
- Resistance @0.62 from a trend line in the daily time frame.
- A resistance zone ranging from 0.64 to 0.64. 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 | NEUTRAL | NEUTRAL | The long term trend for RECO.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RECO.CA is up. |
| ChartMill Relative Strength | 19.85 | NEGATIVE | RECO.CA has a low relative strength, it was outperformed by 80.15% 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) | UP | POSITIVE | The current price of RECO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RECO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.97 | NEUTRAL | The RSI value for RECO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RECO.CA has a positive trend. |
| Stochastics (14,3) | 62.78 | NEUTRAL | The Stochastics value for RECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for RECO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.47 | POSITIVE | The high ADX value value for RECO.CA 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)
TSX-V:RECO (9/4/2025, 7:00:00 PM)
0.6
+0.04 (+7.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.14%
1 Week15.38%
2 Weeks23.71%
1 Month15.38%
3 Month30.43%
6 Month17.65%
12 Month-35.48%
2 Year-46.9%
3 Year-87.31%
5 Year-38.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.79%
ATR Inc184.06%
Range Today0.06
ADR(20)0.03
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.85
Mansfield-2.5
10 Day High0.64
10 Day Low0.48
20 Day High0.64
20 Day Low0.48
52 Week High1.35
52 Week Low0.4
CS1 EndN/A
CR1 Start0.62
Volume & EV
DER(3)0.38%
DER(5)0.35%
Volume367.70K
Volume Incr107.51%
Vol(5)432.84K
Vol(50)298.67K