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    Technical Analysis for RECAF - Reconnaissance Energy Africa Ltd

    Grade Last Price % Change Price Change
    D 0.9700 -2.12% -0.0210
    RECAF closed down 2.12 percent on Friday, June 9, 2023, on 57 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Down Down Up
    Historical RECAF trend table...
    Date Alert Name Type % Chg
    50 DMA Resistance Bearish 0.00%
    Weak + Overbought Other 0.00%
    Overbought Stochastic Strength 0.00%
    Fell Below 50 DMA Bearish -2.12%
    Weak + Overbought Other -2.12%
    Gapped Up Strength -2.12%
    Overbought Stochastic Strength -2.12%
    Upper Bollinger Band Touch Strength -2.12%
    20 DMA Support Bullish -3.96%
    Crossed Above 50 DMA Bullish -3.96%
    Older End-of-Day Signals for RECAF ...

       Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

    Alert Time
    50 DMA Resistance about 8 hours ago
    Rose Above 50 DMA about 9 hours ago
    10 DMA Support about 10 hours ago
    Down 3% about 10 hours ago
    Down 1% about 10 hours ago
    View Earlier Intraday Alerts

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    RECAF Chart by TradingView
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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 properties 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 Namibia. The company is based in Vancouver, Canada.
    Classification
    Sector: Energy
    Industry: Oil & Gas E&P
    Keywords: Oil And Gas Oil And Gas Properties Oil Companies Junior Oil Ildc Energy

    Is RECAF a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Feb 9 ReconAfrica Provides Response to IIROC Request
    Dec 22 RECONAFRICA PROVIDES AN OPERATIONAL UPDATE AND PLANNED ACQUISITION OF AN eFTG PROGRAM IN NAMIBIA
    Dec 7 CONFERENCE CALL FOR INVESTORS AND ANALYSTS
    See more RECAF news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 4.8
    52 Week Low 0.35
    Average Volume 229,844
    200-Day Moving Average 1.6904
    50-Day Moving Average 1.0025
    20-Day Moving Average 0.9217
    10-Day Moving Average 0.9599
    Average True Range 0.0765
    RSI (14) 50.74
    ADX 10.63
    +DI 23.5140
    -DI 17.5794
    Chandelier Exit (Long, 3 ATRs) 0.8205
    Chandelier Exit (Short, 3 ATRs) 0.9535
    Upper Bollinger Bands 1.0405
    Lower Bollinger Band 0.8029
    Percent B (%b) 0.7
    BandWidth 25.7785
    MACD Line -0.0051
    MACD Signal Line -0.0213
    MACD Histogram 0.0162
    Fundamentals Value
    Market Cap 103.56 Million
    Num Shares 107 Million
    EPS
    Price-to-Sales 0.00
    Price-to-Book 6.34
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 1.0551
    Resistance 3 (R3) 1.0589 1.0345 1.0409
    Resistance 2 (R2) 1.0345 1.0128 1.0325 1.0361
    Resistance 1 (R1) 1.0022 0.9994 0.9900 0.9984 1.0314
    Pivot Point 0.9778 0.9778 0.9717 0.9758 0.9778
    Support 1 (S1) 0.9455 0.9561 0.9333 0.9417 0.9086
    Support 2 (S2) 0.9211 0.9427 0.9191 0.9039
    Support 3 (S3) 0.8888 0.9211 0.8991
    Support 4 (S4) 0.8850