Technical analysis from Reckon (RKN.AX, ASX:RKN.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Reckon
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RKN: Long term trend is still an Uptrend
Long Trend /
RKN: Long term trend is still an Uptrend

[BULLISH]: Reckon is in an uptrend in the medium term timeframe.. The highest rally for the month is 13

Daily trading has maintained an Downtrend medium trend for Reckon
Medium Trend /
Daily trading has maintained an Downtrend medium trend for Reckon

[BEARISH]: Reckon is in an downtrend in the medium term timeframe. The current rally number is 27 & the highest rally count for the LTM is 60. The highest rally for the month is 13

Rate of Change /
Reckon currently has negative rate of change for -16.883

[BEARISH]: Reckon currently has negative rate of change of -16.883%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Demarks Pivot Points /
Reckon has broken the first DeMark resistance point ($0.96) [Bullish]

Reckon has broken the first DeMark resistance point ($0.9600) [Bullish]. Look for a long limit order entry near this point. Exit price for RKN should be set @$0.97 & Stoploss for Reckon should be set at $0.94

MACD /
Reckon: MACD (-0.0057)

[BEARISH]: Reckon currently has negative MACD of -0.0057. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -17.3%.

Percentage Price /
Reckon currently has negative PPO -5.853

[BEARISH]: Reckon currently has negative PPO -5.853%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for RKN

[BEARISH]: Reckon Elder Ray Index is signalling a Bearish movementERI is -0.068 indicating bear power. Prices are being driven below the consensus of value for RKN during the last trading session [Selling Pressure]

Reckon: Volume MACD (-4002)
MACD Volume /
Reckon: Volume MACD (-4002)

[BEARISH]: Reckon currently has negative Volume MACD of -4002. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Reckon: Daily volume is 81059 [Higher Volume]
Volume /
Reckon: Daily volume is 81059 [Higher Volume]

[BULLISH]: Reckon current volume uptrend in the first timeframe. Volume for RKN is 81059 (40.2).

Commodity Channel Index /
Reckon: The CCI oversold signal has been confirmed

[BULLISH]: Reckon current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -114. The bullish signal has been active for 14 days. During the quarter, the lowest CCI value was -257.

Detrended Price Oscillator /
DPO for RKN has confirmed price is currently below the displaced moving average

[BEARISH]: Reckon currently has a confirmed downtrend. Price is currently below the displaced moving average for RKN. Currently, the return on DPO20 is 0.0%.

Triangular Moving Average /
[Bearish]: Trend following indicator for RKN highlights downward price direction is likely

RKN: TMA Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

Selling pressure for Reckon continues - bearish signal
Chaikin Money Flow /
Selling pressure for Reckon continues - bearish signal

[BEARISH]: Reckon current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.37. RKN received a confirmed CMF crossover days on the May 30 2018. The bearish signal has been active for 6 days. During the quarter, the lowest CMF value was -0.37 occurring on the May 30 2018.

Reckon: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Reckon: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Reckon current price has highlighted recent selling pressure. Currently, the Elders Force Index is -804.

On Balance Volume /
OBV: Distribution still active for Reckon

[BEARISH]: Reckon current price has highlighted recent distribution. Currently, the OBV is -481019.

Opening Price /
RKN opening price of $0.97 (-2.5 %)

[BULLISH]: Reckon opening price has gapped up. Currently, the OPEN is $0.97 (-2.5 %).

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for RKN

RKN: EMA(5) Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

The volume weighted RSI for RKN has become oversold during last trading session
Money Flow Index /
The volume weighted RSI for RKN has become oversold during last trading session

[BEARISH CROSSOVER]: Reckon current price has driven MFI to become overbought signalling the start of bearish trading conditions. Currently, the MFI is 12.24. During the quarter, the highest MFI value was 48.65. The last overbought signal occurred on Dec 27 2017

Reckon: Momentum(5)
Momentum /
Reckon: Momentum(5)

[BEARISH]: Reckon currently has negative momentum of -0.055 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 14 days producing a return of -12.6%.

Reckon was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Reckon was difficult to move downward due to high volume in recent trading [Bearish]

RKN: EOM Current Signal -> (1) 20 Jun: BEARISH HARD (2) 19 Jun: BEARISH HARD (3) 18 Jun: BULLISH HARD

Aroon Oscillator /
Aroon oscillator for Reckon has signalled a strong downtrend is active

[BEARISH]: Reckon has a current ARO(25) of -92. This has change 4 points from yesterday.

Price Range /
[Bearish]: Reckon has failed beat previous trading range

RKN: Price Range Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: NEUTRAL

Simple Moving Average /
Reckon: Closing price $0.96 is below the SMA(5) @$0.977

[BEARISH]: Reckon currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.0%.

Stochastic Oscillator /
Stochastic oversold signal had been maintained for Reckon

RKN: Stochastic Oscillator Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

Reckon is in a short term downtrend with the resistance price @$0.971
Weighted Moving Average /
Reckon is in a short term downtrend with the resistance price @$0.971

[BEARISH]: Reckon currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Reckon: Sine Weighted Moving Average(5) (0.978)
Sine Weighted Moving Average /
Reckon: Sine Weighted Moving Average(5) (0.978)

[BEARISH]: Reckon currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Percentage Volume /
Reckon: Percentage Volume Oscillator (8.03)

RKN: PVO Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

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