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Stock Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Recon Technology, Ltd. - Class A Ordinary Shares (NASDAQ:RCON)

Long-Term Downtrend (-90) - RCON is in a strong downtrend that is likely to continue. While RCON is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RCON?

MarketClub looks at technical strength and momentum to determine if the timing is right for RCON.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_RCON
Open High Low RCON Price Change
1.67 1.68 1.61 1.67 -0.02
Entry Signal

MarketClub’s Trade Triangles for RCON

long term down The long-term trend has been DOWN since Mar 15th, 2023 at 0.850

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.121

short term down The short-term trend has been DOWN since May 14th, 2024 at 1.760

Smart Scan Analysis for RCON

Based on our trend formula, RCON is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RCON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.67 1.68 1.61 1.67 -0.02
Prev. Close Volume Bid Ask Time
1.69 14608 2024-05-20 13:00:21
Year High5.36Year High Date2018-01-16
Year Low0.95Year Low Date2018-11-28
52wk High7.7452wk High Date2023-06-08
52wk Low1.2652wk Low Date2024-04-24
Year End Close1.4Average Volume141,656
Shares Outstanding1,493Short Interest49,093
% Institutional0.4Market Cap14M
Assets490,242,084MLiabilities69,610,355M
Beta2.22Volatility59.18
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