COVALON TECHNOLOGIES LTD (COV.CA) Technical Analysis
TSX-V:COV • CA22282D3022
Current stock price
COV.CA Technical Rating and Analysis
Overall COV gets a technical rating of 5 out of 10. 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.
- 82% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: COV has an average volume of 14369 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- COV is part of the Biotechnology industry. There are 22 other stocks in this industry. COV outperforms 76% of them.
- COV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
COV.CA Weekly and Daily overview Charts
COV.CA Setup Rating and Analysis
Although the technical rating is only medium, COV does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
COV.CA Support and Resistance Analysis
1.58
We found 3 important support areas.
- Support @1.76 from a trend line in the daily time frame.
- Support @1.66 from a horizontal line in the daily time frame.
- Support @1.60 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.91 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.00 to 2.00. 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 | NEUTRAL | NEUTRAL | The long term trend for COV.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COV.CA is up. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 81.53% 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) | 51.83 | 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) | 46.7 | 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) | 23.71 | NEUTRAL | The ADX value for COV.CA suggests a possible start of a new trend. |
COV.CA Chart- and CandleStick Pattern Analysis
COV.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:COV (4/27/2026, 7:00:00 PM)
1.9
-0.05 (-2.56%)
COVALON TECHNOLOGIES LTD / COV.CA TA FAQ
Can you provide the ChartMill technical rating for COVALON TECHNOLOGIES LTD?
ChartMill assigns a technical rating of 5 / 10 to COV.CA.
What is the trend direction for COV stock?
The current trend direction for COVALON TECHNOLOGIES LTD (COV.CA) is Bearish.
What is the RSI signal for COV stock?
COVALON TECHNOLOGIES LTD (COV.CA) has an RSI value of 51.8314. This indicates that the stock is currently neutral.
What is the MACD signal for COV stock?
The MACD indicator for COVALON TECHNOLOGIES LTD (COV.CA) has a value of -0.00949295, indicating a bearish trend.
Can you provide the short term momentum for COVALON TECHNOLOGIES LTD?
The short term momentum for COVALON TECHNOLOGIES LTD (COV.CA) is positive.