RECONNAISSANCE ENERGY AFRICA (RECO.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:RECO - CA75624R1082 - Common Stock
Overall RECO gets a technical rating of 5 out of 10. In the last year, RECO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month RECO has a been trading in the 0.82 - 1.35 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- RECO is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. RECO outperforms 83% of them.
- RECO has an average volume of 1271450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that RECO is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- RECO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RECO is lagging the market.
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
0.44
We found 4 important support areas.
- A support zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.47 from a trend line in the weekly time frame.
- Support @0.46 from a trend line in the daily time frame.
- Support @0.44 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for RECO.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RECO.CA is down. |
| ChartMill Relative Strength | 74.71 | POSITIVE | RECO.CA has a high relative strength, it outperformed 74.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RECO.CA is below a declining 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) | UP | POSITIVE | The current price of RECO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.89 | NEUTRAL | The RSI value for RECO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RECO.CA has a negative trend. |
| Stochastics (14,3) | 5.13 | OVERSOLD | The low Stochastics value suggests RECO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 11.13 | HIGH VOLATILITY | The high ATR as a percentage value for RECO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.19 | POSITIVE | The high ADX value value for RECO.CA suggests a strong trend. |
TSX-V:RECO (1/21/2026, 7:00:00 PM)
0.86
0 (0%)
RECONNAISSANCE ENERGY AFRICA / RECO.CA FAQ
Can you provide the ChartMill technical rating for RECONNAISSANCE ENERGY AFRICA?
ChartMill assigns a technical rating of 5 / 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 45.886. 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 -0.0395708, indicating a bearish trend.
What is the buy/sell signal for RECO stock?
The buy/sell signal for RECONNAISSANCE ENERGY AFRICA (RECO.CA) is hold as the short term and long term trends are mixed.