No strong reversal signals currently present. Previous signals for RKN include:
[BULLISH]: Reckon has formed a hammer reversal pattern 331 days ago on the 25 Oct 2017. RKN has traded significantly lower than the stocks opening price, which was followed by a short term rally closing in the upper shadow of the days trading range. This indicates that the market is trying to determine the bottom of the short term downtrend.
No Bullish Engulfing formations in the last 12 months.
[BULLISH]: Reckon has formed a Bullish Engulfing reversal pattern 198 days ago on the 07 Mar 2018. This means, RKN has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.
No Bear Engulfing formations in the last 12 months.
[BEARISH]: Reckon has formed a bearish Dark Cloud Cover reversal pattern 18 days ago on the 03 Sep 2018. This means, RKN has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.
[BULLISH]: Reckon has formed a Bullish Piercing reversal pattern 58 days ago on the 25 Jul 2018. This means, RKN has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.
PROFILE: Reckon (RKN.AX)
Stock Exchange: ASX
Ticker Codes: | RKN.AX | ASX:RKN |
Reckon Limited provides software solutions for small and medium businesses, larger businesses, accountants, bookkeepers, and lawyers in Australia, the United States, and others. It operates through Business Group, Legal Practice Management Group, and Accountant Practice Management Group segments. The Business Group segment engages in the development, distribution, and support of business accounting and personal wealth management software products, which include Reckon One and Reckon Accounts Hosted cloud software products, Reckon Accounts Business, and Reckon Accounts Personal. The Legal Practice Management Group segment develops and distributes software solutions to legal firms and corporations for revenue management, expense management, print solutions, business process automation, business intelligence, document service automation, and scan and document management solutions under the Reckon nQueue and Reckon Billback brands. The Accountant Practice Management Group segment engages in development, sales, and support of practice management, and compliance and efficiency tools for professional accounting firms under the Reckon APS and Reckon Elite brands. This segment also supplies corporate services, such as company registration and company secretarial tools; and supplies relevant content under the Reckon Docs brand. The company was founded in 1987 and is headquartered in North Sydney, Australia.
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