The market has been neutral on Recon Technology, Ltd. (RCON) stock recently. RCON gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With RCON Stock Today?
Recon Technology, Ltd. (RCON) stock is trading at $1.25 as of 1:28 PM on Monday, Oct 26, a rise of $0.01, or 0.81% from the previous closing price of $1.24. The stock has traded between $1.14 and $1.29 so far today. Volume today is less active than usual. So far 390,710 shares have traded compared to average volume of 1,034,625 shares.
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.