We assign a technical rating of 4 out of 10 to RECSI. Recently some decent action could be observed, but in the medium term time frame this is still negative. RECSI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RECSI is a bad performer in the overall market: 81% of all stocks are doing better.
RECSI 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.
RECSI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 78% of 53 stocks in the same industry.
In the last month RECSI has a been trading in the 1.18 - 2.21 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RECSI has an average volume of 2034650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.