COVALON TECHNOLOGIES LTD (COV.CA) Stock Technical Analysis
Canada - TSX-V:COV - CA22282D3022 - Common Stock
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 technical rating of COV is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.92
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.00 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.12 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.18 from a trend line in the weekly time frame.
- Resistance @2.73 from a trend line in the daily time frame.
- 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 | 5.01 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 94.99% 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 | 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) | 38.36 | NEUTRAL | The RSI value for COV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests COV.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.67 | OVERSOLD | The low Stochastics value suggests COV.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for COV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.06 | NEGATIVE | The low ADX value for COV.CA suggests a weak or negative trend. |
TSX-V:COV (11/18/2025, 7:00:00 PM)
1.94
+0.01 (+0.52%)
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 38.3608. 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 -0.023167, 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.