NOVO RESOURCES CORP (NVO.CA) Stock Technical Analysis
TSX:NVO - Toronto Stock Exchange - CA67010B1022 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to NVO. In the last year, NVO was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 63% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
NVO is an average performer in the Metals & Mining industry, it outperforms 46% of 808 stocks in the same industry.
NVO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVO is lagging the market slightly.
In the last month NVO has a been trading in the 0.10 - 0.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NVO has an average technical rating and it also 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
0.09
0.11
We found 2 important support areas.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NVO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVO.CA is neutral. |
| ChartMill Relative Strength | 37.12 | NEUTRAL | NVO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NVO.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.59 | NEUTRAL | The RSI value for NVO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NVO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for NVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.42 | POSITIVE | The high ADX value value for NVO.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:NVO (6/19/2025, 7:00:00 PM)
0.1
0 (-4.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.76%
1 Week-4.76%
2 Weeks5.26%
1 Month-4.76%
3 Month11.11%
6 Month17.65%
12 Month-9.09%
2 Year-53.49%
3 Year-77.27%
5 Year-97.35%
10 Year-81.82%
15 YearN/A
Volatility
ATR(14)0
ATR(20)%4.5%
ATR Inc55.56%
Range Today0
ADR(20)0
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.12
Mansfield0.32
10 Day High0.11
10 Day Low0.1
20 Day High0.11
20 Day Low0.1
52 Week High0.12
52 Week Low0.07
CS1 End0.1
CR1 Start0.1
Volume & EV
DER(3)0%
DER(5)0%
Volume5.12K
Volume Incr-67.96%
Vol(5)32.10K
Vol(50)119.60K