Stock Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
RECONNAISSANCE EGY AFRICA (NASDAQ:RECAF)
Countertrend Down (-85) - RECAF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Aug 9th, 2021 at 6.320000
The intermediate-term trend has been DOWN since May 9th, 2022 at 4.696521
The short-term trend has been UP since May 20th, 2022 at 4.190000
Smart Scan Analysis for RECAF
Based on our trend formula, RECAF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||11.23||52wk High Date||2021-06-24|
|52wk Low||3.54||52wk Low Date||2021-11-01|
|Average Volume||511,415||Shares Outstanding||61,337|