Technical Analysis for RCON - Recon Technology, Ltd.

Grade Last Price % Change Price Change
F 2.23 4.21% 0.09
RCON closed down 1.38 percent on Wednesday, November 20, 2024, on 65 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 4.21%
Narrow Range Bar Range Contraction 4.21%
Inside Day Range Contraction 4.21%
Wide Bands Range Expansion 4.21%
Gapped Down Weakness 4.21%
Oversold Stochastic Weakness 4.21%
Pocket Pivot Bullish Swing Setup 2.76%
Wide Bands Range Expansion 2.76%
Gapped Down Weakness 2.76%
Oversold Stochastic Weakness 2.76%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
Outside Day about 1 hour ago
Up 3% about 1 hour ago
Up 2% about 1 hour ago

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Profile

Recon Technology, Ltd. Description

Recon Technology, Ltd provides hardware, software, and on-site services to the petroleum mining and extraction industry in the People's Republic of China. It offers equipment, tools, and other hardware related to oilfield production and management; and develops and sells industrial automation control and information solutions. The company provides oil and gas production and transportation equipment, such as heating furnaces and burners; and oil and gas development tools and equipment, including packers of fracturing, production, and water injection. Its oil and gas production increasing techniques comprise fissure shaper technique to increase perforation depth, shape stratum fissures, and enhance stratum diversion capability; sand prevention technique for oil and water wells; water locating and plugging technique; fracture acidizing technique for oil and gas wells; and electronic broken-down service to resolve block-up and freezing problems. The company also provides automation systems and services, including pumping unit controller that monitors the pumping units and collects data for load, pressure, voltage, startup, and shutdown control; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometer and wireless pressure gauge; electric multi-way valve for oilfield metering station flow control; and natural gas flow computer system. In addition, it offers Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline, and oil and gas wells SCADA system for monitoring and data acquisition of pipelines, and oil and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. The company was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.


Classification

Sector: Energy
Industry: Oil & Gas Equipment & Services
Keywords: Natural Gas Petroleum Industry Acid Fuel Oil Wells Automation Gas Wells Data Acquisition Data Collection Fracturing Oil And Gas Production Telemetry Flow Control Oil And Gas Wells Information Solutions Natural Gas Wells Wellhead Industrial Automation Control Engineering Video Surveillance Automation Systems Burners Transportation Equipment National Oilwell Varco Gas Flow Perforation Oil And Gas Development

Is RCON a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.49
52 Week Low 1.26
Average Volume 21,395
200-Day Moving Average 2.29
50-Day Moving Average 2.88
20-Day Moving Average 2.53
10-Day Moving Average 2.35
Average True Range 0.26
RSI (14) 36.31
ADX 14.93
+DI 17.38
-DI 22.93
Chandelier Exit (Long, 3 ATRs) 2.73
Chandelier Exit (Short, 3 ATRs) 2.81
Upper Bollinger Bands 3.28
Lower Bollinger Band 1.78
Percent B (%b) 0.24
BandWidth 58.94
MACD Line -0.22
MACD Signal Line -0.18
MACD Histogram -0.0452
Fundamentals Value
Market Cap 303.24 Million
Num Shares 142 Million
EPS -0.24
Price-to-Earnings (P/E) Ratio -8.92
Price-to-Sales 0.33
Price-to-Book 0.35
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.30
Resistance 3 (R3) 2.31 2.25 2.28
Resistance 2 (R2) 2.25 2.21 2.25 2.27
Resistance 1 (R1) 2.20 2.18 2.22 2.19 2.26
Pivot Point 2.14 2.14 2.16 2.14 2.14
Support 1 (S1) 2.09 2.10 2.12 2.09 2.02
Support 2 (S2) 2.03 2.08 2.03 2.01
Support 3 (S3) 1.98 2.03 2.00
Support 4 (S4) 1.98