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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
RECONNAISSANCE EGY AFRICA (NASDAQ:RECAF)
Sidelines Mode (-55) - RECAF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RECAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for RECAF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RECAF
The long-term trend has been DOWN since Apr 10th, 2024 at 0.6200
The intermediate-term trend has been UP since May 2nd, 2024 at 0.7010
The short-term trend has been DOWN since May 9th, 2024 at 0.7847
Smart Scan Analysis for RECAF
Based on our trend formula, RECAF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7885 | 0.8075 | 0.7700 | 0.7775 | -0.0099 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7874 | 147581 | 2024-05-09 12:43:00 |
| 52wk High | 1.38 | 52wk High Date | 2023-08-07 |
| 52wk Low | 0.5511 | 52wk Low Date | 2024-04-16 |
| Average Volume | 430,283 | Shares Outstanding | 61,337 |
| Assets | 188,587,324M | Liabilities | 123,683,614M |