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 1 out of 10 in our technical rating. RECO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than RECO.
RECO is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 87% are performing better than RECO.
RECO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RECO has a been trading in the 0.40 - 0.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RECO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
0.44
0.61
When analyzing the resistance we notice 3 important areas.
- Resistance @0.47 from a horizontal line in the daily time frame.
- Resistance @0.59 from a trend line in the weekly time frame.
- Resistance @0.60 from a trend 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 | DOWN | NEGATIVE | The long term trend for RECO.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RECO.CA is down. |
| ChartMill Relative Strength | 4.26 | NEGATIVE | RECO.CA has a low relative strength, it was outperformed by 95.74% 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) | 44.64 | 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) | 58.8 | NEUTRAL | The Stochastics value for RECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for RECO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.64 | NEGATIVE | The low ADX value for RECO.CA suggests a weak or negative 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 (7/18/2025, 7:00:00 PM)
0.445
-0.01 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.11%
1 Week1.14%
2 Weeks-1.11%
1 Month8.54%
3 Month-16.04%
6 Month-55.5%
12 Month-59.91%
2 Year-69.1%
3 Year-90.09%
5 Year-39.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%4.3%
ATR Inc-39.13%
Range Today0.01
ADR(20)0.02
ADR(20)%4.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.26
Mansfield-4.83
10 Day High0.48
10 Day Low0.44
20 Day High0.48
20 Day Low0.4
52 Week High1.35
52 Week Low0.4
CS1 EndN/A
CR1 Start0.47
Volume & EV
DER(3)0%
DER(5)0%
Volume116.67K
Volume Incr-55.17%
Vol(5)219.77K
Vol(50)367.03K