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Stock Trend Analysis Report

Prepared for you on Wednesday, June 16, 2021.

Covalon Technologies Ltd (CDNX:COV)

Countertrend Up (+85) - COV is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid COV?

MarketClub looks at technical strength and momentum to determine if the timing is right for COV.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CDNX_COV
Open High Low COV Price Change
1.49 1.49 1.49 1.49 +0.04
Entry Signal

MarketClub’s Trade Triangles for COV

long term up The long-term trend has been UP since Nov 18th, 2020 at 1.30

intermediate term up The intermediate-term trend has been UP since May 31st, 2021 at 1.49

short term down The short-term trend has been DOWN since Jun 8th, 2021 at 1.49

Smart Scan Analysis for COV

Based on our trend formula, COV is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for COV
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.49 1.49 1.49 1.49 +0.04
Prev. Close Volume Bid Ask Time
1.49 1000 2021-06-11 12:44:43
Year High9.45Year High Date2018-09-04
Year Low3.22Year Low Date2018-04-18
52wk High9.4552wk High Date2018-09-04
52wk Low3.2252wk Low Date2018-04-18
Year End Close0.085Average Volume9,229
Volatility55.37
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