Recon Technology Stock Technical Analysis
| RCON Stock | USD 2.31 0.04 1.70% |
As of the 29th of November, Recon Technology holds the Risk Adjusted Performance of (0.02), coefficient of variation of (2,381), and Variance of 31.35. 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.
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 ReconRecon |
Recon Technology Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 2.01 | Hold | 1 | Odds |
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 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.
Recon Technology Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 0.01 , 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 6.02, 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 Yield | 3.2E-5 | 2.8E-5 | Price To Sales Ratio | 0.77 | 0.73 |
Recon Technology November 29, 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.
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| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 4.22 | |||
| Coefficient Of Variation | (2,381) | |||
| Standard Deviation | 5.6 | |||
| Variance | 31.35 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 28.34 | |||
| Value At Risk | (12.17) | |||
| Potential Upside | 7.81 | |||
| Skewness | (0.79) | |||
| Kurtosis | 1.03 |
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 closely tied 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Oil & Gas Equipment & Services space 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 (0.08) | Revenue Per Share 13.637 | Quarterly Revenue Growth 0.095 | Return On Assets (0.08) | Return On Equity (0.11) |
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.