NOVO RESOURCES CORP (NVO.CA) Stock Technical Analysis
Canada - TSX:NVO - CA67010B1022 - Common Stock
Overall NVO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NVO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NVO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.10
2 important support areas can be observed.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.15 to 0.15. 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 | UP | POSITIVE | The short term trend for NVO.CA is up. |
| ChartMill Relative Strength | 81.22 | POSITIVE | NVO.CA has a high relative strength, it outperformed 81.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVO.CA is above 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) | 55.11 | 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. |
| Stochastics (14,3) | 45.06 | NEUTRAL | The Stochastics value for NVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.09 | HIGH VOLATILITY | The high ATR as a percentage value for NVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 41.96 | POSITIVE | The high ADX value value for NVO.CA suggests a strong trend. |
TSX:NVO (10/27/2025, 7:00:00 PM)
0.135
0 (0%)
NOVO RESOURCES CORP / NVO.CA FAQ
Can you provide the ChartMill technical rating for NOVO RESOURCES CORP?
ChartMill assigns a technical rating of 10 / 10 to NVO.CA.
Can you provide the trend direction for NOVO RESOURCES CORP?
The current trend direction for NOVO RESOURCES CORP (NVO.CA) is Bullish.
Can you provide the RSI signal for NOVO RESOURCES CORP?
NOVO RESOURCES CORP (NVO.CA) has an RSI value of 55.1146. This indicates that the stock is currently neutral.
What is the short term momentum for NOVO RESOURCES CORP (NVO.CA) stock?
The short term momentum for NOVO RESOURCES CORP (NVO.CA) is positive.
What is the buy/sell signal for NVO stock?
The buy/sell signal for NOVO RESOURCES CORP (NVO.CA) is buy as both the short term and long term trends are positive.