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Stock Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

NOVO RESOURCES CORP (TSE:NVO)

Sidelines Mode (-55) - NVO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

TSE_NVO
Open High Low NVO Price Change
0.160 0.160 0.150 0.150 +0.005
Entry Signal

MarketClub’s Trade Triangles for NVO

long term down The long-term trend has been DOWN since May 1st, 2023 at 0.30

intermediate term up The intermediate-term trend has been UP since Apr 3rd, 2024 at 0.15

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.16

Smart Scan Analysis for NVO

Based on our trend formula, NVO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NVO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.160 0.160 0.150 0.150 +0.005
Prev. Close Volume Bid Ask Time
0.150 19815 2024-04-19 13:30:24
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