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.
MarketClub’s Trade Triangles for COV
The long-term trend has been UP since Nov 18th, 2020 at 1.30
The intermediate-term trend has been UP since May 31st, 2021 at 1.49
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).
|Year High||9.45||Year High Date||2018-09-04|
|Year Low||3.22||Year Low Date||2018-04-18|
|52wk High||9.45||52wk High Date||2018-09-04|
|52wk Low||3.22||52wk Low Date||2018-04-18|
|Year End Close||0.085||Average Volume||9,229|