COVALON TECHNOLOGIES LTD (COV.CA) Stock Technical Analysis
TSX-V:COV - TSX Venture Exchange - CA22282D3022 - Common Stock - Currency: CAD
Taking everything into account, COV scores 3 out of 10 in our technical rating. Although COV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
COV is part of the Biotechnology industry. There are 25 other stocks in this industry. COV outperforms 79% of them.
In the last month COV has a been trading in the 2.77 - 3.49 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, COV did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
COV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COV is lagging the market.
The technical rating of COV is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.77
3.22
2 important resistance areas can be observed.
- A resistance zone ranging from 3.05 to 3.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.15 to 3.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.01
Mansfield0.58
10 Day High3.49
10 Day Low2.77
20 Day High3.49
20 Day Low2.77
52 Week High4.3
52 Week Low0.97
Performance
1 Week-7.89%
2 Weeks-9.68%
1 Month-11.95%
3 Month-26.12%
6 Month-11.95%
12 Month93.1%
2 Year30.23%
3 Year26.7%
5 Year79.49%
10 Year143.48%
15 Year976.92%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)36.44
LBB2.87
UBB3.23
TSX-V:COV (2/21/2025, 7:00:00 PM)
2.8
-0.38 (-11.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-11.95%
1 Week-7.89%
2 Weeks-9.68%
1 Month-11.95%
3 Month-26.12%
6 Month-11.95%
12 Month93.1%
2 Year30.23%
3 Year26.7%
5 Year79.49%
10 Year143.48%
15 Year976.92%
Volatility
ATR(14)0.17
ATR(20)%5.27%
ATR Inc215.39%
Range Today0.72
ADR(20)0.14
ADR(20)%5.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.01
Mansfield0.58
10 Day High3.49
10 Day Low2.77
20 Day High3.49
20 Day Low2.77
52 Week High4.3
52 Week Low0.97
CS1 EndN/A
CR1 Start3.05
Volume & EV
DER(3)27.56%
DER(5)16.59%
Volume143.76K
Volume Incr68%
Vol(5)66.29K
Vol(50)41.59K