Technical analysis from Resources Connect (RECN, NASDAQ:RECN) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Resources Connect
+ Share

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for RECN

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.

Momentum /
5-day momentum is decreasing for Resources Connect

[BEARISH]: Resources Connect currently has negative momentum of -0.2 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -2.2%.

Demarks Pivot Points /
DeMark pivot point for RECN is bullish. Stoploss should be positioned @$17.425

Resources Connect has broken the first DeMark resistance point ($17.5875) [Bullish]. Look for a long limit order entry near this point. Exit price for RECN should be set @$17.675 & Stoploss for Resources Connect should be set at $17.425

Average Directional Movement /
Average Directional Index for Resources Connect has signalled a strong trend is active

[Trend]: ADX for RECN has confirmed a strong trend is present. Resources Connect has an ATR(14) of 0.359, a DX of 7.16 & an ADX(14) of 32.84

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Resources Connect

[BULLISH]: Resources Connect current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 16.1975.

Ease of Movement /
Price was easily moved upward in recent trading on low volume causing an uptrend in price for RECN

RECN: EOM Current Signal -> (1) 22 Jun: BULLISH EASY (2) 21 Jun: BEARISH EASY (3) 20 Jun: BULLISH EASY

Top companies for
NASDAQ Stock Exchange
Advertisment
MACD /
Resources Connect: MACD oscillator (-0.0839)

[BEARISH]: Resources Connect currently has negative MACD of -0.0839. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.1%.

Volume /
Recent trading for Resources Connect fell short of the previous volume by -78.7

RECN: VOLUME Recent Trading -> (1) 22 Jun: 36979 (2) 21 Jun: 173800 (3) 20 Jun: 99100

Advertisment
Open Tod Vs Close Tod /
Resources Connect: Buyers have lost control.

RECN: Open today versus close yesterday Current Signal ->(1) 22 Jun: BEARISH (2) 21 Jun: BEARISH STRONG (3) 20 Jun: BEARISH WEAK

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

[BEARISH]: Resources Connect 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 0.6%.

Aroon Oscillator /
Aroon oscillator for Resources Connect has signalled a strong uptrend is active

RECN: Aroon Oscillator Current Signal -> (1) 22 Jun: BULLISH STRONG (2) 21 Jun: BULLISH STRONG (3) 20 Jun: BULLISH STRONG

Closing Price /
Resources Connect: Daily closing price is $17.55 [Bullish]

[BULLISH]: Resources Connect current uptrend in the first timeframe. Currently, the Close is $17.55.

Close Tod Vs Range Tod /
Seller commitment has continued for Resources Connect adding strength to an downtrend in the first timeframe

[BEARISH]: Resources Connect sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Resources Connect adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 71 trading days with the closing price in the lower part of the range giving a confirmation ratio of 27%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 16 days in the lower price range compared to 24 days in the upper range giving a ratio of 0.7x.

Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 5.4%

[BULLISH]: Resources Connectbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for RECN adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.7 & the greatest daily positive change this year has been 4.8. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 11.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 5.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 1.500000%

Elders Force Index /
Elders Force Index (-3728) has signalled bearish conditions in recent trading for RECN

[BEARISH]: Resources Connect current price has highlighted recent selling pressure. Currently, the Elders Force Index is -3728.

Volume Rate of Change /
Negative VROC confirmation for Resources Connect is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Resources Connect currently has negative rate of change of -81%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.

Average True Range /
RECN: Average True Range has confirmed an downtrend @0.359

[Bearish]: Average True Range has confirmed an downtrend is present. Resources Connect has a TR of 0.3, and an ATR(14) of 0.359.

Woodie Pivot Point /
Resources Connect has moved above the R1 Woodie pivot point ($17.676) [Bullish]

Resources Connect has broken the first Woodie resistance point ($17.676) [Bullish]. Look for a long limit order entry near this point. Exit price for RECN should be set @$17.838 & Stoploss for Resources Connect should be set at $17.338

Medium Trend /
Resources Connect: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Resources Connect is in an uptrend in the medium term timeframe. & the highest rally count for the LTM is 63. The highest rally for the month is 15

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for RECN

[BEARISH]: Resources Connect UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.122.

Weighted Moving Average /
RECN: Price continues to move below the WMA(5) @$17.613

[BEARISH]: Resources Connect 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 0.6%.

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for RECN

[BEARISH]: Resources Connect currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.6%.

Bull Harami /
Resources Connect: Bull Harami

[BULLISH]: Resources Connect has formed a new Bull Harami reversal pattern.

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

[BULLISH]: Resources Connect Elder Ray Index is signalling a Bullish movementERI is 0.194 indicating bull power. Prices are being driven above the consensus of value for RECN during the last trading session [Buying Pressure]

Exponential Moving Average /
[Bearish]: EMA(5) is serving as a resistance line for Resources Connect

[BEARISH]: Resources Connect currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.6%.

Low Price /
Resources Connect: Daily low performance is 0.9 % [Uptrend]

[BEARISH]: Resources Connect current uptrend in the first timeframe. Currently, the Low is $17.5 (0.9 %).

Fibonacci Extensions /
The 161.8% Fibonacci extension level for RECN has moved to the lower limit. Stoploss should be positioned @$20.29

Resources Connect has moved below the 161.8% level ($22.74) [Bullish]. Look for a long limit order entry near this point. Exit price for RECN should be set @$25.19 & Stoploss for Resources Connect should be set at $20.29

Price Range /
Resources Connect: Daily price range is 0.25 [Downtrend]

RECN: Price Range Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BULLISH (3) 20 Jun: BEARISH

See More   See more results
Advertisment
Advertisment
back to top