After completing its last trading session, Recon Technology, Ltd. (NASDAQ:RCON) dropped by -6.6% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.062, an Accumulation/Distribution Index (ADI) of 0.062, an On-Balance Volume (OBV) of 14.211, and a Chaiikin Money Flow (CMF) of 2.88. 1.5
Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:
So there you have it – our analysis of Recon Technology, Ltd. (NASDAQ:RCON). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
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