Stock Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Resources Connection, Inc (NASDAQ:RECN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RECN
The long term trend has been UP since Jan 3rd, 2020 at 17.25
The intermediate term trend has been DOWN since Jan 21st, 2020 at 16.10
The short term trend has been DOWN since Jan 16th, 2020 at 16.20
Smart Scan Analysis for RECN
Based on a pre-defined weighted trend formula for chart analysis, RECN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||19.5||Year High Date||2018-10-04|
|Year Low||13.2||Year Low Date||2018-07-19|
|52wk High||17.93||52wk High Date||2019-09-23|
|52wk Low||13.62||52wk Low Date||2019-10-09|
|Year End Close||11.93||Average Volume||219,933|
|Shares Outstanding||32,140||Short Interest||717,087|
|% Institutional||93.4||Market Cap||536M|