Stock Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
NOVO RESOURCES CORP (TSE:NVO)
Strong Downtrend (-100) - NVO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NVO continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NVO?
MarketClub looks at technical strength and momentum to determine if the timing is right for NVO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NVO
The long-term trend has been DOWN since May 1st, 2023 at 0.300
The intermediate-term trend has been DOWN since Apr 20th, 2023 at 0.325
The short-term trend has been DOWN since Apr 28th, 2023 at 0.310
Smart Scan Analysis for NVO
Based on our trend formula, NVO is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).