COVEO SOLUTIONS INC-SUB VTG (CVO.CA) Stock Technical Analysis
TSX:CVO - Toronto Stock Exchange - CA22289D1078 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to CVO. CVO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, CVO is a bad performer in the overall market: 91% of all stocks are doing better.
CVO is one of the lesser performing stocks in the Software industry. 78% of 66 stocks in the same industry do better.
CVO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month CVO has a been trading in the 5.56 - 8.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of CVO 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
5.16
8.30
When analyzing the support we notice one important area.
- A support zone ranging from 5.21 to 5.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.45 to 6.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.28 from a trend line in the weekly time frame.
- Resistance @8.22 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.69
Mansfield-2.33
10 Day High7.26
10 Day Low5.56
20 Day High8.24
20 Day Low5.56
52 Week High10.8
52 Week Low5.07
Performance
1 Week-16.07%
2 Weeks-19.77%
1 Month-2.93%
3 Month-16.44%
6 Month-1.05%
12 Month-47.24%
2 Year-27.69%
3 Year-44.21%
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.17
RSI(14)33.66
LBB5.64
UBB7.65
TSX:CVO (3/7/2025, 7:00:00 PM)
5.64
-0.22 (-3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.75%
1 Week-16.07%
2 Weeks-19.77%
1 Month-2.93%
3 Month-16.44%
6 Month-1.05%
12 Month-47.24%
2 Year-27.69%
3 Year-44.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%7.31%
ATR Inc13.92%
Range Today0.28
ADR(20)0.39
ADR(20)%6.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.69
Mansfield-2.33
10 Day High7.26
10 Day Low5.56
20 Day High8.24
20 Day Low5.56
52 Week High10.8
52 Week Low5.07
CS1 End5.21
CR1 Start6.45
Volume & EV
DER(3)-4.73%
DER(5)-1.59%
Volume147.64K
Volume Incr-29.49%
Vol(5)153.46K
Vol(50)141.02K