Overall market sentiment has been down on Recon Technology, Ltd. (RCON) stock lately. RCON receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With RCON Stock Today?
Recon Technology, Ltd. (RCON) stock is up 2.7% while the S&P 500 is unmoved 0% as of 4:00 PM on Tuesday, Jun 30. RCON has risen $0.03 from the previous closing price of $1.11 on volume of 700,967 shares. Over the past year the S&P 500 has risen 3.00% while RCON is down -71.36%. RCON lost -$0.73 per share in the over the last 12 months.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About Recon Technology, Ltd.
Recon Technology Ltd provides oilfield specialized equipment, automation systems, tools, chemicals and field services to petroleum companies mainly in the People's Republic of China. The company has three operating segments: Automation Product and Software, Equipment and Accessories and Oilfield Environmental Protection.The company engages in the sale oilfield automation products, equipment for oil and gas production and transportation, and engineering services. Most of the firm's revenue comes from Automation Product and Software segment.
