Recon Technology, Ltd. (RCON) stock has fallen 0.90% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With RCON Stock Today?
Recon Technology, Ltd. (RCON) stock is trading at $1.10 as of 1:21 PM on Tuesday, Jul 7, a drop of -$0.03, or -2.65% from the previous closing price of $1.13. The stock has traded between $1.08 and $1.12 so far today. Volume today is light. So far 201,607 shares have traded compared to average volume of 432,653 shares.
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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.
