Recon Technology Stock Technical Analysis
| RCON Stock | USD 0.09 0.01 10.98% |
As of the 29th of April, Recon Technology holds the Coefficient Of Variation of (687.69), risk adjusted performance of (0.08), and Variance of 48.72. 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 0.091 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 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
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 0.0011 , 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 0.05, 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 | 0.002849 | 0.002533 | Price To Sales Ratio | 1.12 | 0.63 |
Recon Technology April 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.71) | |||
| Mean Deviation | 4.94 | |||
| Coefficient Of Variation | (687.69) | |||
| Standard Deviation | 6.98 | |||
| Variance | 48.72 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (1.14) | |||
| Total Risk Alpha | (1.91) | |||
| Treynor Ratio | (0.72) | |||
| Maximum Drawdown | 41.43 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.98 | |||
| Skewness | 0.0531 | |||
| Kurtosis | 1.47 |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.
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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.