RCON NEWS why is Recon Technology, Ltd. price falling or rising

RCON NEWS reasons for why stock price of Recon Technology, Ltd. is falling or rising

RCON Recon Technology is falling or rising technical reasons

Technical analysis forecast of Recon Technology Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Recon Technology RCON at this time. Stock is rising and might rise more.

It appears as if Recon Technology RCON gave a large move recently.

Stock of Recon Technology (RCON) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Recon Technology is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Recon Technology stays above 2.4, but if it comes below 2.4, then a intra day sell could be more profitable.
If you take a sell trade below 2.4, then use 2.4 as stoploss and 2.3 as target. However if you take a buy trade in Recon Technology, then use 2.4 as stoploss and 2.6 as target.

RCON Recon Technology is falling or rising NEWS fundamental reasons

More announcements and NEWS

RCON Recon Technology, Ltd. current price & indicator signals

Moving Averages for Recon Technology, Ltd.

  • 5Day Average: 2.35
  • 12Day Average: 2.33
  • 20Day Average: 2.27
  • 50Day Average: 2.29
  • 100Day Average: 2.64
  • 150Day Average: 2.33
  • 200Day Average: 2.01

RCON Indicators & signals

Indicator MACD (12,26,9)

2.32, 2.3, -0.01
Indicator MACD is in positive zone

Indicator ADX (14)

6.67, 40, 35
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RCON Recon Technology, Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Jan 2025 2.43 2.24 to 2.64 -0.82% 2.56 times
17 Fri Jan 2025 2.45 2.23 to 2.45 0% 0.21 times
17 Fri Jan 2025 2.45 2.23 to 2.45 9.38% 0.21 times
16 Thu Jan 2025 2.24 2.15 to 2.24 2.28% 0.36 times
15 Wed Jan 2025 2.19 2.14 to 2.25 -1.35% 0.36 times
14 Tue Jan 2025 2.22 2.22 to 2.40 -0.45% 0.24 times
13 Mon Jan 2025 2.23 2.22 to 2.34 0% 0.26 times
13 Mon Jan 2025 2.23 2.22 to 2.34 -1.76% 0.26 times
10 Fri Jan 2025 2.27 2.27 to 2.43 -6.2% 0.94 times
08 Wed Jan 2025 2.42 2.36 to 2.67 0% 3.58 times
08 Wed Jan 2025 2.42 2.36 to 2.67 1.26% 3.58 times
07 Tue Jan 2025 2.39 2.20 to 2.44 7.66% 2.01 times

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RCON NEWS why is Recon Technology, Ltd. price falling or rising

 

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