COVALON TECHNOLOGIES LTD (COV.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:COV - CA22282D3022 - Common Stock
1.74 CAD
0 (0%)
We assign a technical rating of 0 out of 10 to COV. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, COV is a bad performer in the overall market: 96% of all stocks are doing better.
- COV is one of the lesser performing stocks in the Biotechnology industry. 68% of 23 stocks in the same industry do better.
- COV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Warning: COV has an average volume of 14827 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month COV has a been trading in the 1.60 - 1.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, COV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.68
2.83
When analyzing the support we notice one important area.
- Support @1.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.74 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.88 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.97 to 1.98. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for COV.CA is neutral. |
| ChartMill Relative Strength | 4.77 | NEGATIVE | COV.CA has a low relative strength, it was outperformed by 95.23% 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) | 42.13 | 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) | 49.43 | NEUTRAL | The Stochastics value for COV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for COV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for COV.CA suggests a strong trend. |
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)
TSX-V:COV (1/15/2026, 7:00:00 PM)
1.74
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-3.87%
2 Weeks0%
1 Month-3.33%
3 Month-13.86%
6 Month-32.82%
12 Month-44.94%
2 Year38.1%
3 Year-17.14%
5 Year16%
10 Year93.33%
15 Year709.3%
Volatility
ATR(14)0.08
ATR(20)%3.99%
ATR Inc-20%
Range Today0.09
ADR(20)0.06
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.77
3 months CRS11.81
6 months CRS5.87
Mansfield-3.38
10 Day High1.89
10 Day Low1.73
20 Day High1.89
20 Day Low1.6
52 Week High3.49
52 Week Low1.6
CS1 End1.7
CR1 Start1.74
Volume & EV
DER(3)0.8%
DER(5)-0.47%
Volume3.95K
Volume Incr-28.43%
Vol(5)15.43K
Vol(50)14.83K
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 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 42.1279. 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.