NEOVASC INC (NVCN) Technical Analysis
NASDAQ:NVCN • CA64065J4037
Current stock price
NVCN Technical Rating and Analysis
Overall NVCN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, NVCN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- NVCN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 99% of 189 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.
NVCN Weekly and Daily overview Charts
NVCN Setup Rating and Analysis
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
NVCN Support and Resistance Analysis
28.67
When analyzing the support we notice one important 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.
NVCN 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 NVCN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVCN is up. |
| ChartMill Relative Strength | 99.36 | POSITIVE | NVCN has a high relative strength, it outperformed 99.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.99 | NEUTRAL | The RSI value for NVCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NVCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.1 | NEUTRAL | The Stochastics value for NVCN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for NVCN suggests low volalility. |
| Average Directional Index/ADX (14) | 43.29 | POSITIVE | The high ADX value value for NVCN suggests a strong trend. |
NVCN Chart- and CandleStick Pattern Analysis
NVCN 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.05 | 29.04 | 1.01 (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 Technicals: Chart, Performance Metrics, Trend & Indicators
30.03
+0.49 (+1.66%)
NEOVASC INC / NVCN TA FAQ
What is the technical rating for NVCN stock?
ChartMill assigns a technical rating of 8 / 10 to NVCN.
Can you provide the trend direction for NEOVASC INC?
The current trend direction for NEOVASC INC (NVCN) is Bullish.
What is the RSI signal for NEOVASC INC (NVCN) stock?
NEOVASC INC (NVCN) has an RSI value of 63.9938. This indicates that the stock is currently neutral.
What is the short term momentum for NEOVASC INC (NVCN) stock?
The short term momentum for NEOVASC INC (NVCN) is positive.
What is the buy/sell signal for NEOVASC INC (NVCN) stock?
The buy/sell signal for NEOVASC INC (NVCN) is buy as both the short term and long term trends are positive.