COVALON TECHNOLOGIES LTD (COV.CA) Technical Analysis
TSX-V:COV • CA22282D3022
Overall COV gets a technical rating of 4 out of 10. In the past year, COV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 89% of all other stocks performed better in the past year than COV.
- COV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COV is lagging the market.
- Warning: COV has an average volume of 15391 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- COV is part of the Biotechnology industry. There are 23 other stocks in this industry, COV did better than 50% of them.
- In the last month COV has a been trading in the 1.57 - 1.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, COV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
1.57
We found 2 important support areas.
- Support @1.62 from a trend line in the weekly time frame.
- Support @1.59 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.90 to 1.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for COV.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COV.CA is up. |
| ChartMill Relative Strength | 11.07 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 88.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of COV.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COV.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COV.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.71 | NEUTRAL | The RSI value for COV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests COV.CA has a negative trend. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for COV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for COV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.62 | POSITIVE | The high ADX value value for COV.CA suggests a strong trend. |
COV.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:COV (3/13/2026, 7:00:00 PM)
1.76
-0.03 (-1.68%)
COVALON TECHNOLOGIES LTD / COV.CA FAQ
Can you provide the ChartMill technical rating for COVALON TECHNOLOGIES LTD?
ChartMill assigns a technical rating of 4 / 10 to COV.CA.
What is the trend direction for COV stock?
The current trend direction for COVALON TECHNOLOGIES LTD (COV.CA) is Bearish.
Can you provide the RSI signal for COVALON TECHNOLOGIES LTD?
COVALON TECHNOLOGIES LTD (COV.CA) has an RSI value of 49.7148. This indicates that the stock is currently neutral.
What is the short term momentum for COVALON TECHNOLOGIES LTD (COV.CA) stock?
The short term momentum for COVALON TECHNOLOGIES LTD (COV.CA) is positive.
What is the buy/sell signal for COVALON TECHNOLOGIES LTD (COV.CA) stock?
The buy/sell signal for COVALON TECHNOLOGIES LTD (COV.CA) is hold as the short term and long term trends are mixed.