NOVO RESOURCES CORP (NVO.CA) Stock Technical Analysis
TSX:NVO - Toronto Stock Exchange - CA67010B1022 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to NVO. NVO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 73% of all stocks are doing better.
NVO is one of the lesser performing stocks in the Metals & Mining industry. 65% of 794 stocks in the same industry do better.
In the last month NVO has a been trading in the 0.10 - 0.11 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
NVO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVO is lagging the market.
NVO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.10, a Stop Loss order could be placed below this zone.
More info and screens
0.10
0.11
When analyzing the support we notice one important area.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- 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 | NEUTRAL | NEUTRAL | The long term trend for NVO.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVO.CA is down. |
| ChartMill Relative Strength | 27.45 | NEGATIVE | NVO.CA has a low relative strength, it was outperformed by 72.55% off all stocks 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) | 49.1 | NEUTRAL | The RSI value for NVO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NVO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for NVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for NVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for NVO.CA suggests a weak or negative 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 (8/14/2025, 7:00:00 PM)
0.1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks-9.09%
1 Month0%
3 Month-4.76%
6 Month0%
12 Month5.26%
2 Year-51.22%
3 Year-78.49%
5 Year-96.98%
10 Year-83.61%
15 YearN/A
Volatility
ATR(14)0
ATR(20)%5.25%
ATR Inc16.67%
Range Today0.01
ADR(20)0
ADR(20)%4.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.45
Mansfield-0.25
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)-1.35%
DER(5)-1.02%
Volume17.88K
Volume Incr-45.92%
Vol(5)61.11K
Vol(50)90.42K