NOVO RESOURCES CORP (NVO.CA) Stock Technical Analysis
Canada - TSX:NVO - CA67010B1022 - Common Stock
0.135 CAD
-0.01 (-10%)
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NVO did better than 81% of all other stocks.
NVO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVO is lagging the market slightly.
NVO is part of the Metals & Mining industry. There are 805 other stocks in this industry, NVO did better than 54% of them.
In the last month NVO has a been trading in the 0.10 - 0.17 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 NVO has an excellent technical rating, it does not offer a high 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
0.10
0.15
When analyzing the support we can see 2 important areas.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 81.73 | POSITIVE | NVO.CA has a high relative strength, it outperformed 81.73% 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) | 56.27 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | 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) | 44.48 | 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 (10/22/2025, 7:00:00 PM)
0.135
-0.01 (-10%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-10%
1 Week-6.9%
2 Weeks12.5%
1 Month35%
3 Month35%
6 Month12.5%
12 Month50%
2 Year-20.59%
3 Year-66.25%
5 Year-95.79%
10 Year-77.87%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%10.09%
ATR Inc-35.63%
Range Today0.01
ADR(20)0.01
ADR(20)%9.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.73
3 months CRS83.42
6 months CRS45.71
Mansfield2.41
10 Day High0.17
10 Day Low0.12
20 Day High0.17
20 Day Low0.1
52 Week High0.17
52 Week Low0.07
CS1 End0.13
CR1 Start0.15
Volume & EV
DER(3)-0.09%
DER(5)-0.15%
Volume377.55K
Volume Incr61.71%
Vol(5)557.18K
Vol(50)283.55K