NOVO RESOURCES CORP (NVO.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NVO - CA67010B1022 - Common Stock
Taking everything into account, NVO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVO is showing a nice and steady performance.
Although NVO has an excellent technical rating, it does not present a decent entry opportunity 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
0.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.13 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 0.11 to 0.11. This zone is formed by a combination of multiple trend lines 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 the daily time frame.
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 | 77.47 | POSITIVE | NVO.CA has a high relative strength, it outperformed 77.47% 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) | 61.84 | NEUTRAL | The RSI value for NVO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NVO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.33 | NEUTRAL | The Stochastics value for NVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.9 | HIGH VOLATILITY | The high ATR as a percentage value for NVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.17 | POSITIVE | The high ADX value value for NVO.CA suggests a strong trend. |
TSX:NVO (1/7/2026, 7:00:00 PM)
0.155
-0.02 (-8.82%)
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.
What is the current trend direction of NOVO RESOURCES CORP (NVO.CA) stock?
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 61.8449. This indicates that the stock is currently neutral.
What is the short term momentum for NVO stock?
The short term momentum for NOVO RESOURCES CORP (NVO.CA) is positive.
What are the support and resistance levels for NOVO RESOURCES CORP (NVO.CA) stock?
NOVO RESOURCES CORP (NVO.CA) has a support level at 0.14. Check the full technical report for our detailed analysis of NVO.CA support and resistance levels.