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(RCON) Recon Technology complete technical analysis [charts+indicators] | Buy/Sell Recon Technology | (RCON) share price targets

Complete technical analysis of Recon Technology (RCON) by charts plus indicators, forecast predictions and share price targets for Recon Technology (RCON)

Recon Technology trades in USA in Energy sector.

10 day averaged volume of Recon Technology is 11020

Date Daily Closing Price Open High Low Volume
22 Fri Nov 2024 2.23 2.22 2.27 2.20 0.281 times
21 Thu Nov 2024 2.22 2.06 2.24 2.06 0.363 times
20 Wed Nov 2024 2.14 2.09 2.20 2.09 1.261 times
19 Tue Nov 2024 2.17 2.03 2.21 2.03 1.77 times
18 Mon Nov 2024 2.12 2.13 2.22 2.04 1.869 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.2 as stoploss in an intra day buy trade for a target of 2.41. However, stock will show a bearish move below 2.2.

Share price targets for Recon Technology (RCON)

Target Type Value
Downside Target 1.35
Downside Target 1.47
Downside Target 1.80
Downside Target 1.84
Downside Target 2.02
Downside Target 2.10
Upside Target 2.27
Upside Target 2.45
Upside Target 2.80
Upside Target 2.89
Upside Target 3.25
Upside Target 3.33
Upside Target 3.40
Upside Target 3.46
Upside Target 3.52
Upside Target 3.70

Intraday share price targets for Recon Technology (RCON)

Target Type Value
Downside Intraday Target 2.08
Downside Intraday Target 1.94
Upside Intraday Target 2.32
Upside Intraday Target 2.42
Downside Intraday Target 2.18

Weekly technical analysis of Recon Technology (RCON)

Date Weekly Closing Price Open High Low Volume
22 Fri Nov 2024 2.23 2.13 2.27 2.03 1.244 times
15 Fri Nov 2024 2.02 2.40 2.80 2.02 0.761 times
08 Fri Nov 2024 2.70 2.57 2.89 2.45 0.347 times
01 Fri Nov 2024 2.45 3.40 3.40 2.10 4.688 times
25 Fri Oct 2024 3.47 3.46 3.52 3.25 0.528 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Recon Technology (RCON)

Date Monthly Closing Price Open High Low Volume
22 Fri Nov 2024 2.23 2.38 2.89 2.02 0.49 times
31 Thu Oct 2024 2.27 2.85 3.70 2.10 0.685 times
30 Mon Sep 2024 2.84 3.08 3.46 1.80 0.373 times
30 Fri Aug 2024 3.04 1.80 3.33 1.47 7.313 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Recon Technology (RCON)

Indicator Name Indicator Value Indicator Signal
ADX 22, 22, 0 Sell
MACD -0, -0Sell
Stochastics 23Sell
CCI -22Buy
RSI 36Sell
OBV -20000Sell
VWAP 2Sell
ADL 0Sell
ROC -17Sell
Force Index 0Sell

Price action analysis of Recon Technology ( (RCON) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Recon Technology ( (RCON) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Recon Technology ( (RCON) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Recon Technology ( (RCON) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Recon Technology stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Recon Technology in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Recon Technology Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Recon Technology in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Recon Technology is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.24 and Recon Technology (RCON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Recon Technology (RCON) stock. Volume based technical analysis of Recon Technology (RCON) stock is negative.

Recon Technology Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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