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AI Analysis of RKN.AX
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Red day on Friday for Reckon Limited stock after losing 4.59%
(Updated on Jun 28, 2024)

Sell candidate since Jun 27, 2024 Loss -4.59% PDF

The Reckon Limited stock price fell by -4.59% on the last day (Friday, 28th Jun 2024) from $0.545 to $0.520. During the last trading day the stock fluctuated 1.92% from a day low at $0.520 to a day high of $0.530. The price has fallen in 4 of the last 10 days but is still up by 1.96% over the past 2 weeks. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 49 thousand shares were bought and sold for approximately $25.23 thousand.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.57% during the next 3 months and, with a 90% probability hold a price between $0.470 and $0.514 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RKN.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Reckon Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.520 and $0.527. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -4.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Reckon Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Reckon Limited stock

Reckon Limited finds support from accumulated volume at $0.515 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RKN.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Reckon Limited to open at $0.523, and during the day (based on 14 day Average True Range), to move between $0.506 and $0.534, which gives a possible trading interval of +/-$0.0139 (+/-2.68%) up or down from last closing price. If Reckon Limited takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.515 (0.96%) than the resistance at $0.540 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reckon Limited stock A Buy?

Reckon Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.633 Sell Candidate Unchanged

Predicted Opening Price for Reckon Limited of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
$0.523 ( 0.641%) $0.520

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RKN.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.533 2.56%
R2 0.530 1.83%
R1 0.527 1.38%
Price 0.520
S1 0.520 -0.0936%
S2 0.517 -0.547%
S3 0.513 -1.28%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.560 7.69%
R2 0.545 4.81%
R1 0.540 3.85%
Price 0.520
S1 0.515 -0.96%
S2 0.510 -1.92%
S3 0.500 -3.85%

RKN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 31, 2023 Aug 31, 2023 Sep 29, 2023 $0.0250 4.17%
2 Nov 08, 2022 Nov 08, 2022 Nov 08, 2022 $0.570 87.02%
3 Aug 25, 2022 Aug 25, 2022 Aug 25, 2022 $0.0300 2.46%
4 Feb 22, 2022 Feb 22, 2022 Feb 22, 2022 $0.0200 1.94%
5 Aug 24, 2021 Aug 24, 2021 Aug 24, 2021 $0.0300 2.78%

FAQ

What is the symbol for Reckon Limited Stock and on which exchange is it traded?
The symbol for Reckon Limited is RKN.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Reckon Limited Stock?
Reckon Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Reckon Limited Stock?
Reckon Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Reckon Limited Stock.

What's the current price of Reckon Limited Stock?
As of the end of day on the Jun 28, 2024, the price of an Reckon Limited (RKN.AX) share was $0.520.

What is the 52-week high and low for Reckon Limited Stock?
The 52-week high for Reckon Limited Stock is $0.655 and the 52-week low is $0.495.

What is the market capitalization of Reckon Limited Stock?
As of the Jun 28, 2024, the market capitalization of Reckon Limited is 58.913M.

When is the next earnings date for Reckon Limited?
The upcoming earnings date for Reckon Limited is Aug 14, 2024.
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