COVEO SOLUTIONS INC-SUB VTG (CVO.CA) Stock Technical Analysis
TSX:CVO - Toronto Stock Exchange - CA22289D1078 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to CVO. Both in the recent history as in the last year, CVO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CVO is one of the better performing stocks in the market, outperforming 85% of all stocks.
CVO is part of the Software industry. There are 62 other stocks in this industry. CVO outperforms 81% of them.
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.
In the last month CVO has a been trading in the 7.60 - 9.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although CVO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.17
8.95
5 important support areas can be observed.
- Support @8.17 from a trend line in the daily time frame.
- Support @7.61 from a horizontal line in the daily time frame.
- Support @7.45 from a trend line in the daily time frame.
- Support @6.89 from a horizontal line in the daily time frame.
- A support zone ranging from 5.22 to 5.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @8.86 from a horizontal line in the weekly 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 | 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 | 85.61 | POSITIVE | CVO.CA has a high relative strength, it outperformed 85.61% 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) | 64.64 | NEUTRAL | The RSI value for CVO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.42 | NEUTRAL | The Stochastics value for CVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CVO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 48.9 | POSITIVE | The high ADX value value for CVO.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:CVO (8/5/2025, 7:00:00 PM)
8.85
+0.48 (+5.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.73%
1 Week0.68%
2 Weeks6.12%
1 Month12.31%
3 Month37.42%
6 Month48.74%
12 Month49.75%
2 Year-24.29%
3 Year47.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%4.03%
ATR Inc218.63%
Range Today0.61
ADR(20)0.33
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.61
Mansfield2.6
10 Day High9.53
10 Day Low7.8
20 Day High9.53
20 Day Low7.6
52 Week High9.53
52 Week Low4.92
CS1 End8.17
CR1 Start8.86
Volume & EV
DER(3)-4.68%
DER(5)-5.52%
Volume269.38K
Volume Incr126.4%
Vol(5)258.48K
Vol(50)140.86K