RECONNAISSANCE ENERGY AFRICA (RECO.CA) Technical Analysis
TSX-V:RECO • CA75624R1082
Current stock price
RECO.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to RECO. Both in the recent history as in the last year, RECO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, RECO did better than 86% of all other stocks.
- RECO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 208 stocks in the same industry.
- In the last month RECO has a been trading in the 0.84 - 1.08 range, which is quite wide. It is currently trading near the high of this range.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RECO.CA Weekly and Daily overview Charts
RECO.CA Setup Rating and Analysis
Although RECO has an excellent technical rating, it does not offer a high quality setup 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 notice one important area.
- Support @0.44 from a horizontal line in the daily 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 | 86.83 | POSITIVE | RECO.CA has a high relative strength, it outperformed 86.83% 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) | UP | POSITIVE | The current price of RECO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.63 | 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) | 73.35 | NEUTRAL | The Stochastics value for RECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for RECO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.28 | POSITIVE | The high ADX value value for RECO.CA suggests a strong trend. |
RECO.CA Chart- and CandleStick Pattern Analysis
RECO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:RECO (3/27/2026, 7:00:00 PM)
1.06
+0.04 (+3.92%)
RECONNAISSANCE ENERGY AFRICA / RECO.CA TA FAQ
Can you provide the ChartMill technical rating for RECONNAISSANCE ENERGY AFRICA?
ChartMill assigns a technical rating of 10 / 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 69.63. 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 0.0136661, 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.