COVEO SOLUTIONS INC-SUB VTG (CVO.CA) Stock Technical Analysis
TSX:CVO • CA22289D1078
We assign a technical rating of 0 out of 10 to CVO. CVO'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 negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than CVO.
- CVO 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.
- CVO is one of the better performing stocks in the Software industry, it outperforms 72% of 66 stocks in the same industry.
- In the last month CVO has a been trading in the 5.50 - 6.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
5.59
When analyzing the support we notice one important area.
- Support @5.65 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @6.22 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.33 to 6.37. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @6.87 from a trend 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 CVO.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVO.CA is down. |
| ChartMill Relative Strength | 17.08 | NEGATIVE | CVO.CA has a low relative strength, it was outperformed by 82.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVO.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.53 | NEUTRAL | The RSI value for CVO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CVO.CA has a positive trend. |
| Stochastics (14,3) | 37.07 | NEUTRAL | The Stochastics value for CVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for CVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for CVO.CA suggests a weak or negative trend. |
TSX:CVO (2/26/2026, 7:00:00 PM)
5.98
+0.14 (+2.4%)
COVEO SOLUTIONS INC-SUB VTG / CVO.CA FAQ
What is the technical rating for CVO stock?
ChartMill assigns a technical rating of 0 / 10 to CVO.CA.
Can you provide the trend direction for COVEO SOLUTIONS INC-SUB VTG?
The current trend direction for COVEO SOLUTIONS INC-SUB VTG (CVO.CA) is Bearish.
Can you provide the RSI signal for COVEO SOLUTIONS INC-SUB VTG?
COVEO SOLUTIONS INC-SUB VTG (CVO.CA) has an RSI value of 46.5291. This indicates that the stock is currently neutral.
What is the short term momentum for COVEO SOLUTIONS INC-SUB VTG (CVO.CA) stock?
The short term momentum for COVEO SOLUTIONS INC-SUB VTG (CVO.CA) is negative.
Can you provide the buy/sell signal for COVEO SOLUTIONS INC-SUB VTG?
The buy/sell signal for COVEO SOLUTIONS INC-SUB VTG (CVO.CA) is sell as both the short term and long term trends are negative.