Technical Analysis for RCON - Recon Technology, Ltd.

Grade Last Price % Change Price Change
F 1.68 -0.59% -0.01
RCON closed up 1.81 percent on Tuesday, December 7, 2021, on 37 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical RCON trend table...

Date Alert Name Type % Chg
NR7 Range Contraction -0.59%
Wide Bands Range Expansion -0.59%
Oversold Stochastic Weakness -0.59%
Wide Bands Range Expansion 1.20%
Lower Bollinger Band Touch Weakness 1.20%
Oversold Stochastic Weakness 1.20%
Wide Bands Range Expansion 2.44%
Oversold Stochastic Weakness 2.44%
NR7 Range Contraction -3.45%
Wide Bands Range Expansion -3.45%
Older End-of-Day Signals for RCON ...

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Alert Time
Down 3% 5 minutes ago
Fell Below Previous Day's Low 5 minutes ago
Down 2 % 5 minutes ago
Down 1% 14 minutes ago
Up 2% 14 minutes 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 Fuels Automation Gas Wells Data Collection Oil Well Data Acquisition Telemetry Fracturing Oil And Gas Wells Information Solutions Flow Control Video Surveillance Wellhead Industrial Automation Natural Gas Wells Oil And Gas Production Automation Systems Control Engineering EPC Transportation Equipment Burners National Oilwell Varco Perforation Gas Flow Oil And Gas Development Scada

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 17.5
52 Week Low 1.17
Average Volume 1,281,184
200-Day Moving Average 4.61
50-Day Moving Average 2.29
20-Day Moving Average 1.93
10-Day Moving Average 1.79
Average True Range 0.13
ADX 35.97
+DI 10.05
-DI 30.14
Chandelier Exit (Long, 3 ATRs) 1.98
Chandelier Exit (Short, 3 ATRs) 1.93
Upper Bollinger Bands 2.30
Lower Bollinger Band 1.55
Percent B (%b) 0.18
BandWidth 38.63
MACD Line -0.18
MACD Signal Line -0.18
MACD Histogram -0.0076
Fundamentals Value
Market Cap 12.17 Million
Num Shares 7.2 Million
EPS -0.58
Price-to-Earnings (P/E) Ratio -2.89
Price-to-Sales 0.64
Price-to-Book 0.59
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.81
Resistance 3 (R3) 1.81 1.78 1.79
Resistance 2 (R2) 1.78 1.75 1.78 1.78
Resistance 1 (R1) 1.73 1.73 1.76 1.73 1.78
Pivot Point 1.70 1.70 1.71 1.70 1.70
Support 1 (S1) 1.65 1.67 1.68 1.65 1.60
Support 2 (S2) 1.62 1.65 1.62 1.60
Support 3 (S3) 1.57 1.62 1.59
Support 4 (S4) 1.57