RECON TECHNOLOGY LTD-CLASS A (RCON) Stock Technical Analysis
NASDAQ:RCON - Nasdaq - KYG7415M1327 - Common Stock - Currency: USD
Taking everything into account, RCON scores 0 out of 10 in our technical rating. RCON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RCON is a bad performer in the overall market: 83% of all stocks are doing better.
RCON is one of the lesser performing stocks in the Energy Equipment & Services industry. 60% of 59 stocks in the same industry do better.
RCON is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: RCON has an average volume of 7738 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
RCON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RCON is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RCON does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RCON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.00
2.46
We found 1 important support area.
- A support zone ranging from 2.02 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.12 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.33 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.44 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.45
Mansfield-1.26
10 Day High2.26
10 Day Low2.03
20 Day High2.54
20 Day Low2.02
52 Week High3.7
52 Week Low1.26
Performance
1 Week1.27%
2 Weeks1.74%
1 Month-14.02%
3 Month-5.54%
6 Month-8.61%
12 Month-26.86%
2 Year-94.29%
3 Year-88.75%
5 Year-95.32%
10 Year-98.6%
15 Year-99.63%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)45.8
LBB2
UBB2.22
NASDAQ:RCON (2/21/2025, 8:00:01 PM)
2.1065
+0.03 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.27%
1 Week1.27%
2 Weeks1.74%
1 Month-14.02%
3 Month-5.54%
6 Month-8.61%
12 Month-26.86%
2 Year-94.29%
3 Year-88.75%
5 Year-95.32%
10 Year-98.6%
15 Year-99.63%
Volatility
ATR(14)0.12
ATR(20)%6.59%
ATR Inc0.13%
Range Today0.16
ADR(20)0.13
ADR(20)%6.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.45
Mansfield-1.26
10 Day High2.26
10 Day Low2.03
20 Day High2.54
20 Day Low2.02
52 Week High3.7
52 Week Low1.26
CS1 End2.09
CR1 Start2.12
Volume & EV
DER(3)16.31%
DER(5)7.56%
Volume12.90K
Volume Incr-39.16%
Vol(5)3.76K
Vol(50)7.74K