Recon Technology Stock Technical Analysis

RCON Stock  USD 0.14  0.01  6.67%   
As of the 19th of March, Recon Technology holds the Coefficient Of Variation of (539.32), risk adjusted performance of (0.11), and Variance of 24.77. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Recon Technology, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate data for thirteen technical drivers for Recon Technology, which can be compared to its competitors. Please check Recon Technology mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Recon Technology is priced some-what accurately, providing market reflects its current price of 0.14 per share. As Recon Technology appears to be a penny stock we also advise to check out its jensen alpha numbers.

Recon Technology Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Recon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Recon
  
Recon Technology's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Recon Technology Analyst Consensus

Target PriceAdvice# of Analysts
2.01Hold1Odds
Recon Technology current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Recon analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Recon stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Recon Technology, talking to its executives and customers, or listening to Recon conference calls.
Recon Analyst Advice Details
Recon Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Recon Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Recon Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Recon Technology Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Recon Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Recon Technology Trend Analysis

Use this graph to draw trend lines for Recon Technology. You can use it to identify possible trend reversals for Recon Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Recon Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Recon Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Recon Technology applied against its price change over selected period. The best fit line has a slop of   0.0019  , which may suggest that Recon Technology market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.14, which is the sum of squared deviations for the predicted Recon Technology price change compared to its average price change.

About Recon Technology Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Recon Technology on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Recon Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Recon Technology price pattern first instead of the macroeconomic environment surrounding Recon Technology. By analyzing Recon Technology's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Recon Technology's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Recon Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Dividend Yield0.0028490.002533
Price To Sales Ratio1.120.63

Recon Technology March 19, 2024 Technical Indicators

Most technical analysis of Recon help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Recon from various momentum indicators to cycle indicators. When you analyze Recon charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Recon Technology March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Recon stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Recon Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Recon Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Recon Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Recon Technology Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Recon Stock analysis

When running Recon Technology's price analysis, check to measure Recon Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Recon Technology is operating at the current time. Most of Recon Technology's value examination focuses on studying past and present price action to predict the probability of Recon Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Recon Technology's price. Additionally, you may evaluate how the addition of Recon Technology to your portfolios can decrease your overall portfolio volatility.
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Transaction History
View history of all your transactions and understand their impact on performance
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Is Recon Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Recon Technology. If investors know Recon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Recon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.24)
Revenue Per Share
1.978
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.08)
Return On Equity
(0.14)
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Recon Technology's market value can be influenced by many factors that don't directly affect Recon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.