CVO Technical Analysis - COVEO SOLUTIONS INC-SUB VTG

Technical Rating and Analysis

Taking everything into account, CVO scores 5 out of 10 in our technical rating. In the last year, CVO was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month CVO has a been trading in the 8.11 - 9.53 range, which is quite wide. It is currently trading near the lows of this range.

When comparing the yearly performance of all stocks, we notice that CVO is one of the better performing stocks in the market, outperforming 74% of all stocks.

CVO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVO is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

CVO is an average performer in the Software industry, it outperforms 69% of 63 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

COVEO SOLUTIONS INC-SUB VTG / CVO Weekly stock chart

COVEO SOLUTIONS INC-SUB VTG / CVO Daily stock chart

Setup Rating and Analysis

CVO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

5.17

9.42

2 important support areas can be observed.

A support zone ranging from 8.11 to 8.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @5.22 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 9.23 to 9.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for CVO.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CVO.CA is down.
ChartMill Relative Strength	74.18	POSITIVE	CVO.CA has a high relative strength, it outperformed 74.18% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CVO.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of CVO.CA is below 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)	48.42	NEUTRAL	The RSI value for CVO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests CVO.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.71	OVERSOLD	The low Stochastics value suggests CVO.CA may be oversold.
Average True Range in percent/ATR (20)	3.22	MEDIUM VOLATILITY	The ATR as a percentage value for CVO.CA suggests some volalility.
Average Directional Index/ADX (14)	23.71	NEUTRAL	The ADX value for CVO.CA suggests a possible start of a new trend.