COVALON TECHNOLOGIES LTD (COV.CA) Technical Analysis
TSX-V:COV • CA22282D3022
We assign a technical rating of 4 out of 10 to COV. Recently some decent action could be observed, but in the medium term time frame this is still negative. COV was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, COV is a bad performer in the overall market: 89% of all stocks are doing better.
- 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 17000 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 an average performer in the Biotechnology industry, it outperforms 50% of 23 stocks in the same industry.
- 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.
COV has an average technical rating and also the quality of the setup is only medium 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
1.57
2 important support areas can be observed.
- 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 and important moving averages 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 | 11.37 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 88.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COV.CA is above 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) | 54.4 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for COV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for COV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.03 | POSITIVE | The high ADX value value for COV.CA suggests a strong trend. |
COV.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:COV (3/11/2026, 7:00:00 PM)
1.8
+0.01 (+0.56%)
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 54.3992. 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.