Reconnaissance Energy Africa Stock Forecast

Buy or Hold candidate since Nov 14, 2025 Gain 0.51%

The Reconnaissance Energy Africa Ltd. stock price gained 0.510% on the last trading day (Monday, 17th Nov 2025), rising from $0.490 to $0.493. During the last trading day the stock fluctuated 8.16% from a day low at $0.490 to a day high of $0.530. The price has been going up and down for this period, and there has been a -7.08% loss for the last 2 weeks. Volume fell on the last day by -129 thousand shares and in total, 519 thousand shares were bought and sold for approximately $255.82 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.430 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.80% during the next 3 months and, with a 90% probability hold a price between $0.366 and $0.637 at the end of this 3-month period.

RECO.V Signals & Forecast

The Reconnaissance Energy Africa Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.466 and $0.480. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 10, 2025, and so far it has risen 11.93%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Reconnaissance Energy Africa Ltd. stock

Reconnaissance Energy Africa Ltd. finds support from accumulated volume at $0.490 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0400 between high and low, or 8.16%. For the last week the stock has had daily average volatility of 10.63%.

Our recommended stop-loss: $0.476 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (RECO.V) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Reconnaissance Energy Africa Ltd. to open at $0.504, and during the day (based on 14 day Average True Range), to move between $0.473 and $0.512, which gives a possible trading interval of +/-$0.0390 (+/-8.24%) up or down from last closing price. If Reconnaissance Energy Africa Ltd. takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.490 (0.51%) than the resistance at $0.500 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reconnaissance Energy Africa Ltd. stock A Buy?

Reconnaissance Energy Africa Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold candidate.

Current score: 0.547 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on November 18, 2025 - $0.504 ( 2.37%).

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