COVALON TECHNOLOGIES LTD (COV.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:COV - CA22282D3022 - Common Stock
Overall COV gets a technical rating of 0 out of 10. COV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, COV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.94, a Stop Loss order could be placed below this zone.
More info and screens
1.85
When analyzing the support we notice one important area.
- A support zone ranging from 1.87 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.96 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.05 to 2.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.80 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for COV.CA is down. |
| ChartMill Relative Strength | 7.17 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 92.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COV.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COV.CA is below 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) | 46.08 | NEUTRAL | The RSI value for COV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests COV.CA has a positive trend. |
| Stochastics (14,3) | 51.77 | NEUTRAL | The Stochastics value for COV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for COV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for COV.CA suggests a possible start of a new trend. |
TSX-V:COV (12/9/2025, 7:00:00 PM)
1.95
0 (0%)
COVALON TECHNOLOGIES LTD / COV.CA 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 current trend direction of COVALON TECHNOLOGIES LTD (COV.CA) 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 46.0833. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COVALON TECHNOLOGIES LTD?
The MACD indicator for COVALON TECHNOLOGIES LTD (COV.CA) has a value of 0.0107255, indicating a bearish trend.
What is the buy/sell signal for COV stock?
The buy/sell signal for COVALON TECHNOLOGIES LTD (COV.CA) is sell as both the short term and long term trends are negative.