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RCON
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
13.29M

RCON Recon Technology Ltd Forecast, Technical & Fundamental Analysis

a provider of computer software and hardware solutions

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RCON with price predictions
07:00 PM EST Nov 30, 2023

RCON's Indicator enters downward trend

The Aroon Indicator for RCON entered a downward trend on November 13, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 237 similar instances where the Aroon Indicator formed such a pattern. In of the 237 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

RCON moved below its 50-day moving average on November 30, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RCON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RCON's RSI Oscillator exited the oversold zone, of 43 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 13, 2023. You may want to consider a long position or call options on RCON as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RCON just turned positive on November 07, 2023. Looking at past instances where RCON's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RCON advanced for three days, in of 242 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RCON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.216) is normal, around the industry mean (3.639). P/E Ratio (0.691) is within average values for comparable stocks, (68.287). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.093). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (1.005) is also within normal values, averaging (1.373).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RCON’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 2.94B. The market cap for tickers in the group ranges from 717 to 75.07B. SLB holds the highest valuation in this group at 75.07B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 10%. CCLP experienced the highest price growth at 33%, while POFCY experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 142%. For the same stocks of the Industry, the average monthly volume growth was -25% and the average quarterly volume growth was -27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 72
Price Growth Rating: 53
SMR Rating: 71
Profit Risk Rating: 85
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published Earnings

RCON is expected to report earnings to fall 40.00% to -5 cents per share on February 27

Recon Technology Ltd RCON Stock Earnings Reports
Q4'18
Est.
$-0.06
Q3'18
Est.
$-0.10
Q2'18
Missed
by $0.13
The last earnings report on November 28 showed earnings per share of -10 cents, meeting the estimate of -10 cents. With 58.60K shares outstanding, the current market capitalization sits at 13.29M.
A.I. Advisor
published General Information

General Information

a provider of computer software and hardware solutions

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
No. 1 Shui’an South Street
Phone
N/A
Employees
188
Web
http://www.recon.cn
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RCON and

Correlation & Price change

A.I.dvisor tells us that RCON and TS have been poorly correlated (+27% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that RCON and TS's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RCON
1D Price
Change %
RCON100%
-3.47%
TS - RCON
27%
Poorly correlated
+0.58%
DNOW - RCON
25%
Poorly correlated
+2.21%
DRQ - RCON
25%
Poorly correlated
+1.53%
HAL - RCON
24%
Poorly correlated
+1.84%
SLB - RCON
23%
Poorly correlated
+0.67%
More

Groups containing RCON

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RCON
1D Price
Change %
RCON100%
-3.47%
Oilfield Services/Equipment
(undefined stocks)
28%
Poorly correlated
+0.33%
oil field equipment
(undefined stocks)
26%
Poorly correlated
+1.04%
oil field service
(undefined stocks)
25%
Poorly correlated
+1.04%
Industrial Services
(undefined stocks)
24%
Poorly correlated
+0.92%
asia
(undefined stocks)
15%
Poorly correlated
+1.13%
More