Recon Technology (RCON, $1.72) entered Downtrend as Momentum indicator drops below 0 level on May 03, 2024

A.I.dvisor
at Tickeron.com
05/04/24
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RCON - Recon Technology Ltd.
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $1.72
Daily change: -$0.08 (-4.44%)
Daily volume: 379.5K
Capitalization: $14.2M
Industry: Oilfield Services/Equipment
This indicator may be signaling that RCON's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 90 similar cases where RCON's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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RCONDaily Signal changed days agoGain/Loss if shorted
 
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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