Technical Analysis for RECO - Reconnaissance Energy Africa Ltd

Grade Last Price % Change Price Change
F 0.950 5.56% 0.050
RECO closed up 5.56 percent on Friday, November 1, 2024, on 77 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Profile

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in the exploration and development of oil and gas in Namibia. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 square kilometers located in northeast Namibia. The company is based in London, the United Kingdom.
Classification

Keywords: Energy Oil Oil And Gas Petroleum London Oil Companies Namibia Junior Oil

Is RECO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.87
52 Week Low 0.76
Average Volume 297,352
200-Day Moving Average 1.080
50-Day Moving Average 0.968
20-Day Moving Average 0.963
10-Day Moving Average 0.960
Average True Range 0.053
RSI (14) 47.09
ADX 14.32
+DI 20.977
-DI 20.799
Chandelier Exit (Long, 3 ATRs) 0.933
Chandelier Exit (Short, 3 ATRs) 1.048
Upper Bollinger Bands 1.058
Lower Bollinger Band 0.868
Percent B (%b) 0.43
BandWidth 19.688
MACD Line -0.016
MACD Signal Line -0.009
MACD Histogram -0.0068
Fundamentals Value
Market Cap 101.42 Million
Num Shares 107 Million
EPS
Price-to-Sales 0.00
Price-to-Book 6.22
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.040
Resistance 3 (R3) 1.030 0.990 1.025
Resistance 2 (R2) 0.990 0.967 0.995 1.020
Resistance 1 (R1) 0.970 0.953 0.980 0.980 1.015
Pivot Point 0.930 0.930 0.935 0.935 0.930
Support 1 (S1) 0.910 0.907 0.920 0.920 0.885
Support 2 (S2) 0.870 0.893 0.875 0.880
Support 3 (S3) 0.850 0.870 0.875
Support 4 (S4) 0.860