Should You Buy Recon Technology Ltd (RCON) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
Recon Technology Ltd (RCON) is not a strong buy at the moment for a beginner investor with a long-term strategy. The technical indicators are bearish, there are no positive trading signals, and the options data suggests a lack of bullish sentiment. Additionally, there are no recent news catalysts, financial performance data, or significant insider or hedge fund activity to support a buy decision.
Technical Analysis
The MACD histogram is negative and expanding, indicating bearish momentum. The RSI is neutral at 40.002, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading below key pivot levels, with support at 1.379 and resistance at 1.585.