NEOVASC INC (NVCN)

CA64065J4037 - Common Stock

30.03  +0.49 (+1.66%)

Premarket: 29.425 -0.61 (-2.01%)

Technical Rating and Analysis

9

Taking everything into account, NVCN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVCN is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
NVCN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 98% of 192 stocks in the same industry.
A new 52 week high is currently being made by NVCN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so NVCN is leading the market.
Looking at the yearly performance, NVCN did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month NVCN has a been trading in a tight range between 29.04 and 30.07.
Weekly and Daily overview Charts
NVCN Weekly chart
NVCN Daily chart
Setup Rating and Analysis

9

NVCN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NVCN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

28.67

30.34

We found 1 important support area.

  • A support zone ranging from 28.96 to 29.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 30.04 to 30.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.36
Mansfield12.16
10 Day High30.07
10 Day Low29.05
20 Day High30.07
20 Day Low29.04
52 Week High30.07
52 Week Low4.59
Performance
1 Week3.02%
2 Weeks0.5%
1 Month3.41%
3 Month39.42%
6 Month361.29%
12 Month212.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)63.99
LBB28.94
UBB30.09
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
30.0529.041.01 (3.36%)25.00%
An entry @30.05. This is a Buy Stop order right above the resistance zone.An exit @29.04. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.01 points, which is 3.36%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NVCN Daily chart

NEOVASC INC

NASDAQ:NVCN (4/10/2023, 7:00:02 PM)

Premarket: 29.425 -0.61 (-2.01%)

30.03

+0.49 (+1.66%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.66%
1 Week3.02%
2 Weeks0.5%
1 Month3.41%
3 Month39.42%
6 Month361.29%
12 Month212.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.44
ATR(20)%1.41%
ATR Inc
Range Today0.64
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High30.07
10 Day Low29.05
20 Day High30.07
20 Day Low29.04
52 Week High30.07
52 Week Low4.59
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume45.40K
Volume Incr-20.34%
Vol(5)25.12K
Vol(50)32.07K