COVALON TECHNOLOGIES LTD (COV.CA) Technical Analysis
TSX-V:COV • CA22282D3022
Current stock price
1.72 CAD
0 (0%)
Last:
COV.CA Technical Rating and Analysis
Taking everything into account, COV scores 0 out of 10 in our technical rating. COV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 86% 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 14750 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- COV is part of the Biotechnology industry. There are 23 other stocks in this industry, COV did better than 59% of them.
- In the last month COV has a been trading in the 1.66 - 1.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
COV.CA Weekly and Daily overview Charts
COV.CA Setup Rating and Analysis
COV has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
COV.CA Support and Resistance Analysis
1.57
1.93
We found 3 important support areas.
- Support @1.68 from a trend line in the daily time frame.
- Support @1.63 from a trend line in the weekly time frame.
- A support zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.87 from a horizontal line 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.
COV.CA Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for COV.CA is neutral. |
| ChartMill Relative Strength | 14.87 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 85.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COV.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of COV.CA is above a declining 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) | 46.61 | NEUTRAL | The RSI value for COV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests COV.CA has a negative trend. |
| Stochastics (14,3) | 36.05 | NEUTRAL | The Stochastics value for COV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for COV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.1 | NEUTRAL | The ADX value for COV.CA suggests a possible start of a new trend. |
COV.CA Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
COV.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:COV (3/27/2026, 7:00:00 PM)
1.72
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week3.61%
2 Weeks-3.91%
1 Month-9.47%
3 Month-0.58%
6 Month-19.25%
12 Month-24.23%
2 Year43.33%
3 Year-24.56%
5 Year22.86%
10 Year59.26%
15 Year911.77%
Volatility
ATR(14)0.06
ATR(20)%3.4%
ATR Inc70%
Range Today0.11
ADR(20)0.05
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.87
3 months CRS54.8
6 months CRS17.11
Mansfield-2.05
10 Day High1.85
10 Day Low1.66
20 Day High1.97
20 Day Low1.66
52 Week High3.1
52 Week Low1.55
CS1 End1.68
CR1 Start1.77
Volume & EV
DER(3)-40.26%
DER(5)-66.64%
Volume13.11K
Volume Incr-56.82%
Vol(5)9.87K
Vol(50)14.75K
COVALON TECHNOLOGIES LTD / COV.CA TA FAQ
Can you provide the ChartMill technical rating for COVALON TECHNOLOGIES LTD?
ChartMill assigns a technical rating of 0 / 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 46.6087. 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 neutral.