RECONNAISSANCE ENERGY AFRICA (RECO.CA) Stock Technical Analysis
Canada - TSX-V:RECO - CA75624R1082 - Common Stock
Overall RECO gets a technical rating of 1 out of 10. RECO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of RECO is bad and it also does not present a 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
0.46
2 important support areas can be observed.
- Support @0.47 from a trend line in the daily time frame.
- A support zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.72 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.75 to 0.76. 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 | DOWN | NEGATIVE | The long term trend for RECO.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RECO.CA is neutral. |
| ChartMill Relative Strength | 5.79 | NEGATIVE | RECO.CA has a low relative strength, it was outperformed by 94.21% 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 | NEGATIVE | The current price of RECO.CA is below a declining 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) | 46.92 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 56.52 | NEUTRAL | The Stochastics value for RECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for RECO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.21 | NEGATIVE | The low ADX value for RECO.CA suggests a weak or negative trend. |
TSX-V:RECO (11/4/2025, 7:00:00 PM)
0.49
-0.04 (-7.55%)
RECONNAISSANCE ENERGY AFRICA / RECO.CA FAQ
Can you provide the ChartMill technical rating for RECONNAISSANCE ENERGY AFRICA?
ChartMill assigns a technical rating of 1 / 10 to RECO.CA.
What is the current trend direction of RECONNAISSANCE ENERGY AFRICA (RECO.CA) stock?
The current trend direction for RECONNAISSANCE ENERGY AFRICA (RECO.CA) is Bearish.
What is the RSI signal for RECO stock?
RECONNAISSANCE ENERGY AFRICA (RECO.CA) has an RSI value of 46.9201. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RECONNAISSANCE ENERGY AFRICA?
The MACD indicator for RECONNAISSANCE ENERGY AFRICA (RECO.CA) has a value of 0.00827153, indicating a bearish trend.
Can you provide the short term momentum for RECONNAISSANCE ENERGY AFRICA?
The short term momentum for RECONNAISSANCE ENERGY AFRICA (RECO.CA) is neutral.