Stock Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
RECONNAISSANCE EGY AFRICA (NASDAQ:RECAF)
Strong Downtrend (-100) - RECAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RECAF continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for RECAF
The long-term trend has been DOWN since Sep 26th, 2023 at 0.8128
The intermediate-term trend has been DOWN since Aug 18th, 2023 at 1.0000
The short-term trend has been DOWN since Nov 20th, 2023 at 0.7620
Smart Scan Analysis for RECAF
Based on our trend formula, RECAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.83||52wk High Date||2023-02-09|
|52wk Low||0.69||52wk Low Date||2023-10-31|
|Average Volume||178,544||Shares Outstanding||61,337|