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Novo Resources Corp (NVO-WT.CA) Stock Technical Analysis

Canada - Toronto Stock Exchange - TSX:NVO-WT -

0.005 CAD
0 (0%)
Last: 8/24/2023, 7:00:00 PM
Technical Rating and Analysis

0

Overall NVO-WT gets a technical rating of 0 out of 10. NVO-WT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than NVO-WT.
NVO-WT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month NVO-WT has a been trading in the 0.01 - 0.04 range, which is quite wide. It is currently trading near the lows of this range.
Warning: NVO-WT has an average volume of 15974 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Weekly and Daily overview Charts
Novo Resources Corp / NVO-WT Weekly stock chart
Novo Resources Corp / NVO-WT Daily stock chart
Setup Rating and Analysis

3

The technical rating of NVO-WT is bad and it also does not present a 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.

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Support and Resistance Analysis

0.00

0.01

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for NVO-WT.CA is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for NVO-WT.CA is down.
ChartMill Relative Strength0.03NEGATIVENVO-WT.CA has a low relative strength, it was outperformed by 99.97% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of NVO-WT.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of NVO-WT.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of NVO-WT.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)39.22NEUTRALThe RSI value for NVO-WT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests NVO-WT.CA has a positive trend.
Average True Range in percent/ATR (20)165HIGH VOLATILITYThe high ATR as a percentage value for NVO-WT.CA suggests high volalility.
Average Directional Index/ADX (14)20.94NEUTRALThe ADX value for NVO-WT.CA suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)

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Novo Resources Corp / NVO-WT Daily stock chart

Novo Resources Corp

TSX:NVO-WT (8/24/2023, 7:00:00 PM)

0.005

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks-50%
1 Month-87.5%
3 Month-95%
6 Month-98.53%
12 Month-99.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%165%
ATR Inc-100%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.03
3 months CRSN/A
6 months CRSN/A
Mansfield-9.9
10 Day High0.01
10 Day Low0.01
20 Day High0.05
20 Day Low0.01
52 Week High1.69
52 Week Low0.01
CS1 EndN/A
CR1 Start0.01
Volume & EV
DER(3)0%
DER(5)0%
Volume2.00K
Volume Incr21.22%
Vol(5)19.20K
Vol(50)15.97K

Novo Resources Corp / NVO-WT.CA FAQ

What is the ChartMill technical rating of Novo Resources Corp (NVO-WT.CA) stock?

ChartMill assigns a technical rating of 0 / 10 to NVO-WT.CA.


Can you provide the trend direction for Novo Resources Corp?

The current trend direction for Novo Resources Corp (NVO-WT.CA) is Bearish.


What is the RSI signal for Novo Resources Corp (NVO-WT.CA) stock?

Novo Resources Corp (NVO-WT.CA) has an RSI value of 39.216. This indicates that the stock is currently neutral.


What is the short term momentum for NVO-WT stock?

The short term momentum for Novo Resources Corp (NVO-WT.CA) is negative.


What is the buy/sell signal for Novo Resources Corp (NVO-WT.CA) stock?

The buy/sell signal for Novo Resources Corp (NVO-WT.CA) is sell as both the short term and long term trends are negative.