NOVO RESOURCES CORP (NVO.CA) Stock Technical Analysis
TSX:NVO - Toronto Stock Exchange - CA67010B1022 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to NVO. NVO was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 81% of all stocks are doing better.
NVO is part of the Metals & Mining industry. There are 794 other stocks in this industry, of which 65% are performing better than NVO.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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.
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.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, NVO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.10, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
0.10
0.11
We found 1 important support 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 multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | 19.08 | NEGATIVE | NVO.CA has a low relative strength, it was outperformed by 80.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVO.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NVO.CA is above a declining 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) | 52.5 | 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) | 55.56 | NEUTRAL | The Stochastics value for NVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for NVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.9 | 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 (7/21/2025, 7:00:00 PM)
0.105
+0 (+5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5%
1 Week5%
2 Weeks-4.55%
1 Month0%
3 Month-12.5%
6 Month16.67%
12 Month5%
2 Year-50%
3 Year-82.2%
5 Year-97.25%
10 Year-80.19%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%5.71%
ATR Inc31.25%
Range Today0
ADR(20)0.01
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.08
Mansfield0.42
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 Start0.11
Volume & EV
DER(3)0%
DER(5)0%
Volume52.36K
Volume Incr70.22%
Vol(5)149.13K
Vol(50)99.33K