REKR Technical Analysis - REKOR SYSTEMS INC

Technical Rating and Analysis

Overall REKR gets a technical rating of 10 out of 10. Both in the recent history as in the last year, REKR 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, REKR did better than 90% of all other stocks.

REKR is part of the Software industry. There are 281 other stocks in this industry. REKR outperforms 81% of them.

In the last month REKR has a been trading in the 1.07 - 1.98 range, which is quite wide. It is currently trading near the high of this range.

REKR has an average volume of 2754570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

REKR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REKR is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

REKOR SYSTEMS INC / REKR Weekly stock chart

REKOR SYSTEMS INC / REKR Daily stock chart

Setup Rating and Analysis

Although REKR has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.05

1.87

We found 4 important support areas.

A support zone ranging from 1.64 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.57 from a horizontal line in the daily time frame.
Support @1.15 from a trend line in the daily time frame.
Support @1.06 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @1.80 from a horizontal line in the weekly time frame.
Resistance @1.85 from a trend line in the daily time frame.

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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 REKR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for REKR is up.
ChartMill Relative Strength	90.21	POSITIVE	REKR has a high relative strength, it outperformed 90.21% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of REKR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of REKR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of REKR is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.83	NEUTRAL	The RSI value for REKR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests REKR has a negative trend.
Stochastics (14,3)	51.23	NEUTRAL	The Stochastics value for REKR is a neutral value.
Average True Range in percent/ATR (20)	8.37	HIGH VOLATILITY	The high ATR as a percentage value for REKR suggests high volalility.
Average Directional Index/ADX (14)	33.69	POSITIVE	The high ADX value value for REKR suggests a strong trend.