RECONNAISSANCE ENERGY AFRICA (RECO.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:RECO - CA75624R1082 - Common Stock
We assign a technical rating of 6 out of 10 to RECO. RECO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RECO has an average technical rating and it also 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
0.44
2 important support areas can be observed.
- Support @0.49 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 | NEUTRAL | NEUTRAL | The long term trend for RECO.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RECO.CA is up. |
| ChartMill Relative Strength | 30.56 | NEUTRAL | RECO.CA is not amongst the best or worst performers 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) | 82.97 | OVERBOUGHT | The high RSI value suggests RECO.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RECO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.11 | OVERBOUGHT | The high Stochastics value suggests RECO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for RECO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.45 | POSITIVE | The high ADX value value for RECO.CA suggests a strong trend. |
TSX-V:RECO (12/12/2025, 7:00:00 PM)
0.94
-0.01 (-1.05%)
RECONNAISSANCE ENERGY AFRICA / RECO.CA FAQ
Can you provide the ChartMill technical rating for RECONNAISSANCE ENERGY AFRICA?
ChartMill assigns a technical rating of 6 / 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 82.9714. This indicates that the stock is currently overbought.
Can you provide the MACD signal for RECONNAISSANCE ENERGY AFRICA?
The MACD indicator for RECONNAISSANCE ENERGY AFRICA (RECO.CA) has a value of 0.0475382, 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 positive.