RCON Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
RCON is not a good buy right now. The chart is in a clear downtrend (bearish moving-average stack + weakening MACD), price is sitting just below near-term support (1.317) with the next support lower (1.245), and Intellectia signals show no buy trigger today. With no news catalyst and very bearish options positioning (heavy put open interest), the risk/reward is unfavorable for an impatient buyer looking to enter immediately—best action is to avoid/exit rather than buy.
Trend/structure: Bearish. Moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), signaling a sustained downtrend. Momentum: MACD histogram is negative (-0.0205) and expanding lower, confirming downside momentum. RSI: RSI_6 = 26.9, which is short-term oversold; this can fuel bounces, but in strong downtrends oversold can persist and is not a standalone buy signal. Levels: Current price 1.31 is just under S1 (1.317), suggesting a support break. Next downside level is S2 (1.245). Overhead resistance is the pivot at 1.432, then R1 at 1.548. Pre-market: -5.8% indicates fresh selling pressure coming into the session. Pattern-based outlook: Similar-pattern stats imply ~70% chance of a small drop next day (-0.73%), flat-ish next week (+0.2%), and modest lift over a month (+4.47%)—not strong enough to justify buying into a downtrend without a clear reversal trigger.
Intellectia Proprietary Trading Signals
No positive news catalysts were identified (no news in the recent week). The only near-term positive factor is short-term oversold RSI, which can allow a technical bounce if support reclaims above ~1.317 and then ~1.432.
Technical breakdown risk: price is below/at key support (S1 ~1.
with next support lower (S2 ~1.245).
Momentum deterioration: MACD negative and expanding lower.
Options positioning: very bearish open-interest skew (OI put/call 4.79).
No event-driven catalyst: lack of news flow reduces the chance of a sudden positive rerating.
Pre-market weakness (-5.8%) adds near-term downside pressure.
No financial data available from the provided snapshot (error: list index out of range). Latest quarter/season details and growth trends cannot be assessed from the given data.
No analyst rating or price target change data was provided, so recent Wall Street upgrades/downgrades and pros/cons consensus cannot be evaluated from this dataset. Political/congress trading: no recent congress trading data available; hedge fund and insider trends reported as neutral with no significant recent activity.
