NOVO RESOURCES CORP (NVO.CA) Technical Analysis
TSX:NVO • CA67010B1022
Current stock price
NVO.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NVO. NVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 91% of all stocks are doing better.
- NVO is one of the lesser performing stocks in the Metals & Mining industry. 86% of 804 stocks in the same industry do better.
- NVO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NVO is lagging the market.
- In the last month NVO has a been trading in the 0.08 - 0.13 range, which is quite wide. It is currently trading near the lows of this range.
NVO.CA Weekly and Daily overview Charts
NVO.CA Setup Rating and Analysis
The technical rating of NVO is bad and it also does not present a 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
NVO.CA Support and Resistance Analysis
0.08
We can see 2 important resistance 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.
- Resistance @0.11 from a horizontal line in the daily time frame.
NVO.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for NVO.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVO.CA is down. |
| ChartMill Relative Strength | 9.9 | NEGATIVE | NVO.CA has a low relative strength, it was outperformed by 90.1% 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) | DOWN | NEGATIVE | The current price of NVO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.18 | 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. |
| Stochastics (14,3) | 17.65 | OVERSOLD | The low Stochastics value suggests NVO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 11.76 | HIGH VOLATILITY | The high ATR as a percentage value for NVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.35 | NEUTRAL | The ADX value for NVO.CA suggests a possible start of a new trend. |
NVO.CA Chart- and CandleStick Pattern Analysis
NVO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:NVO (3/27/2026, 7:00:00 PM)
0.085
+0.01 (+6.25%)
NOVO RESOURCES CORP / NVO.CA TA FAQ
Can you provide the ChartMill technical rating for NOVO RESOURCES CORP?
ChartMill assigns a technical rating of 0 / 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 Bearish.
Can you provide the RSI signal for NOVO RESOURCES CORP?
NOVO RESOURCES CORP (NVO.CA) has an RSI value of 37.1845. 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 negative.
What are the support and resistance levels for NOVO RESOURCES CORP (NVO.CA) stock?
NOVO RESOURCES CORP (NVO.CA) has a resistance level at 0.1. Check the full technical report for our detailed analysis of NVO.CA support and resistance levels.