TSX:CVO - Toronto Stock Exchange - CA22289D1078 - Common Stock - Currency: CAD
Overall CVO gets a technical rating of 8 out of 10. Although CVO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CVO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for CVO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
5.17
We found 3 important support areas.
We found 1 important resistance area.
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 | UP | POSITIVE | The long term trend for CVO.CA is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVO.CA is up. |
ChartMill Relative Strength | 78.58 | POSITIVE | CVO.CA has a high relative strength, it outperformed 78.58% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVO.CA is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVO.CA is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVO.CA is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 75.38 | OVERBOUGHT | The high RSI value suggests CVO.CA may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CVO.CA has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 84.18 | OVERBOUGHT | The high Stochastics value suggests CVO.CA may be overbought. |
Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for CVO.CA suggests some volalility. |
Average Directional Index/ADX (14) | 34.29 | POSITIVE | The high ADX value value for CVO.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
7.54 | 7.47 | 0.07 (0.93%) | 25.00% |
An entry @7.54. This is a Buy Stop order right above the resistance zone. | An exit @7.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 0.93%. | For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade. |
TSX:CVO (6/12/2025, 7:00:00 PM)
7.5
+0.03 (+0.4%)