RECN | NASDAQ Stock Exchange

Resources Connect
+ Share

Commodity Channel Index /
Resources Connect: CCI(-112)

[BULLISH]: Resources Connect (NASDAQ:RECN) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -112. The bullish signal has been active for 6 days. During the quarter, the lowest CCI value was -242.

Volume Rate of Change /
Volume rate of change(14) is now decreasing for Resources Connect

RECN: VROC Current Signal -> (1) 12 Dec: BEARISH CROSSOVER (2) 11 Dec: BULLISH CROSSOVER (3) 10 Dec: BULLISH CROSSOVER

Sine Weighted Moving Average /
RECN: Price continues to move below the SWMA(15) @$16.104

[BEARISH]: Resources Connect currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.6%.

Elder Ray Index /
[Selling Pressure]: ERI has increased for Resources Connect during the last trading session

RECN: Elder Ray Index Recent Trading -> (1) 12 DecBull Power: -0.077Bear Power: -0.497 (2) 11 DecBull Power: -0.245Bear Power: -0.755 (3) 10 DecBull Power: -0.578Bear Power: -1.028

Rate of Change /
14-day rate of change is decreasing for Resources Connect

[BEARISH]: Resources Connect currently has negative rate of change of -4.951%. 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

Simple Moving Average /
[Bearish]: SMA(15) is serving as a resistance line for Resources Connect

[BEARISH]: Resources Connect currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 1.6%.

Woodie Pivot Point /
Resources Connect: Look for a long limit order entry @$15.96

Resources Connect has broken the first Woodie resistance point ($15.96) [Bullish]. Look for a long limit order entry near this point. Exit price for RECN should be set @$15.96 & Stoploss for Resources Connect should be set at $15.12

Pivot Points /
Resources Connect: Look for a long limit order entry @$15.957

Resources Connect has broken the first resistance point ($15.957) [Bullish]. Look for a long limit order entry near this point. Exit price for RECN should be set @$15.957 & Stoploss for Resources Connect should be set between $15.117 & $14.914

Two White Soldiers /
Resources Connect: Two White Soldiers

RECN: Continuation Candlestick Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: NEUTRAL (3) 10 Dec: NEUTRAL

Demarks Pivot Points /
Resources Connect: DeMark Pivot ($15.5875)

Resources Connect current pivot point (DeMark) is: (R1) $15.855. The current pivot point (DeMark) is: (S1) $15.435.

MACD /
Resources Connect: MACD (-0.1364)

[BEARISH]: Resources Connect currently has negative MACD of -0.1364. This means the signal line is less than the MACD line signalling a bearish movement.

Donchian Channels /
Upper Donchian Band Overbought signal had been maintained for Resources Connect

[BEARISH]: Resources Connect is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Fibonacci Extensions /
Resources Connect has broken below the 161.8% extension level ($35.09) [Bullish]

Resources Connect: The current Fibonacci Extension levels are: (23.61%) $15.45: (38.2%) $15.77: (50%) $16.02: (61.8%) $16.27The current support levels are: (78.6%) $16.64: (100%) $17.1: (138.2%) $17.93: (161.8%) $18.43: (261.8%) $20.59: (423.61%) $24.09

Fibonacci Fans /
Resources Connect: 0.618 Fibonacci Fan ($24.41)

Resources Connect: The current Fibonacci Fan levels are: (23.61%) $23.17: (38.2%) $23.66: (50%) $24.03: (61.8%) $24.41The current support levels are: (78.6%) $24.96: (100%) $25.65: (138.2%) $26.89: (161.8%) $27.64: (261.8%) $30.88: (423.61%) $36.13

Accumulation / Distribution /
Market conditions are indicating accumulation is current for RECN

RECN: ADLINE Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 10 Dec: BULLISH

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

[BEARISH]: Resources Connect currently has a confirmed downtrend. Price is currently below the displaced moving average for RECN. Currently, the return on DPO20 is 1.6%.

Fibonacci Retracements /
Resources Connect: 0.618 Fibonacci Retraction (16.27)

Resources Connect: The current Fibonacci Retraction levels are: (23.61%) $15.45: (38.2%) $15.77: (50%) $16.02: (61.8%) $16.27The current support levels are: (78.6%) $16.64: (100%) $17.1: (138.2%) $17.93: (161.8%) $18.43: (261.8%) $20.59: (423.61%) $24.09

Coles Reaction Day /
Daily bar has closed the day with a rally day for RECN

Resources Connect: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for RECN

Williams %R /
Resources Connect is no longer oversold and normal trading conditions are resumed

RECN: William %R Current Signal -> (1) 12 Dec: BEARISH CROSSUNDER (2) 11 Dec: BULLISH (3) 10 Dec: BULLISH

Percentage Price /
Resources Connect: Price Percentage Oscillator

[BEARISH]: Resources Connect currently has negative PPO -1.897%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Short Trend /
First timeframe trend of Resources Connect remains as an Uptrend

[BULLISH]: Resources Connect is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 2

Camarilla Pivot Points /
Resources Connect has moved above the R2 Camarilla pivot point ($18.14) [Bullish]

Resources Connect has broken the first Camarilla resistance point ($18.14) [Bullish]. Look for a long limit order entry near this point. Exit price for RECN should be set @$18.14 & Stoploss for Resources Connect should be set between $12.961 & $11.666

Elders Force Index /
Recent trading highlights continued selling pressure is present for RECN

[BEARISH]: Resources Connect current price has highlighted recent selling pressure. Currently, the Elders Force Index is -8402.

Triangular Moving Average /
The TMA trend following signal is still current for Resources Connect [Bearish]

[BEARISH]: Resources Connect currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 1.6%.

Daily Volume Index /
DVI: Distribution still active for RECN

[BEARISH]: Resources Connect (NASDAQ:RECN) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -285.

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Resources Connect

Resources Connect Currently is a confirmed Fake Day. MFI indicator is up, volume is down for RECN. Trend continuation possible for RECN from reduced trading activity.

MACD Volume /
Volume MACD oscillator remains positive for RECN

[BULLISH]: Resources Connect currently has positive Volume MACD of 496. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Bollinger Bands /
Bollinger Overbought signal continues for Resources Connect indicating downward price movement is likely

[BEARISH]: Resources Connect is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 21.3% with a current width of 12.53.

Moving Average Envelope /
Resources Connect is no longer oversold and normal trading conditions are resumed

RECN: Envelope Bands Current Signal -> (1) 12 Dec: BULLISH CROSSUNDER (2) 11 Dec: BEARISH (3) 10 Dec: BEARISH

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