RECONNAISSANCE ENERGY AFRICA (RECO.CA) Stock Technical Analysis
TSX-V:RECO - TSX Venture Exchange - CA75624R1082 - Common Stock - Currency: CAD
Taking everything into account, RECO scores 3 out of 10 in our technical rating. In the past year, RECO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, RECO is a bad performer in the overall market: 89% of all stocks are doing better.
RECO is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 68% are performing better than RECO.
RECO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month RECO has a been trading in the 0.51 - 0.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RECO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.50
0.81
2 important support areas can be observed.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.50 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @0.64 from a trend line in the daily time frame.
- Resistance @0.66 from a horizontal line in the daily time frame.
- Resistance @0.80 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.61
Mansfield-3.58
10 Day High0.65
10 Day Low0.53
20 Day High0.65
20 Day Low0.51
52 Week High1.87
52 Week Low0.43
Performance
1 Week2.52%
2 Weeks10.91%
1 Month17.31%
3 Month-18.67%
6 Month-41.35%
12 Month-41.9%
2 Year-50%
3 Year-88.16%
5 Year15.09%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)57.22
LBB0.53
UBB0.64
TSX-V:RECO (5/8/2025, 7:00:00 PM)
0.61
+0.03 (+5.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.17%
1 Week2.52%
2 Weeks10.91%
1 Month17.31%
3 Month-18.67%
6 Month-41.35%
12 Month-41.9%
2 Year-50%
3 Year-88.16%
5 Year15.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.52%
ATR Inc-16.24%
Range Today0.03
ADR(20)0.04
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.61
Mansfield-3.58
10 Day High0.65
10 Day Low0.53
20 Day High0.65
20 Day Low0.51
52 Week High1.87
52 Week Low0.43
CS1 End0.57
CR1 Start0.64
Volume & EV
DER(3)-24.78%
DER(5)-26.05%
Volume51.64K
Volume Incr-13.76%
Vol(5)137.00K
Vol(50)191.39K