RECONNAISSANCE ENERGY AFRICA (RECO.CA) Stock Technical Analysis
TSX-V:RECO - TSX Venture Exchange - CA75624R1082 - Common Stock - Currency: CAD
Overall RECO gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, RECO is a bad performer in the overall market: 98% of all stocks are doing better.
RECO is part of the Oil, Gas & Consumable Fuels industry. There are 219 other stocks in this industry, of which 88% are performing better than RECO.
RECO is currently trading near the lower end of its 52 week range, which is not a good sign. RECO is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month RECO has a been trading in the 0.43 - 0.77 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
The technical rating of RECO is bad and it also does not present a 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
0.50
1.01
We found 1 important resistance area.
- Resistance @1.00 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.49
Mansfield-5.17
10 Day High0.63
10 Day Low0.43
20 Day High0.77
20 Day Low0.43
52 Week High1.87
52 Week Low0.43
Performance
1 Week7.37%
2 Weeks-20.31%
1 Month-32%
3 Month-55.65%
6 Month-45.16%
12 Month-54.46%
2 Year-68.52%
3 Year-91.02%
5 Year56.92%
10 YearN/A
15 YearN/A
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)35.41
LBB0.42
UBB0.66
TSX-V:RECO (3/7/2025, 7:00:00 PM)
0.51
+0.01 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2%
1 Week7.37%
2 Weeks-20.31%
1 Month-32%
3 Month-55.65%
6 Month-45.16%
12 Month-54.46%
2 Year-68.52%
3 Year-91.02%
5 Year56.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%10.78%
ATR Inc-43.83%
Range Today0.03
ADR(20)0.05
ADR(20)%10.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.49
Mansfield-5.17
10 Day High0.63
10 Day Low0.43
20 Day High0.77
20 Day Low0.43
52 Week High1.87
52 Week Low0.43
CS1 EndN/A
CR1 Start1
Volume & EV
DER(3)-5.67%
DER(5)5.93%
Volume87.45K
Volume Incr-41.45%
Vol(5)223.00K
Vol(50)364.04K