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Stock Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Covalon Technologies Ltd (CDNX:COV)
Sidelines Mode (-55) - COV 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 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.
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MarketClub’s Trade Triangles for COV
The long-term trend has been UP since Feb 16th, 2024 at 1.35
The intermediate-term trend has been DOWN since Mar 4th, 2024 at 1.17
The short-term trend has been UP since Apr 18th, 2024 at 1.17
Smart Scan Analysis for COV
Based on our trend formula, COV is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.20 | 1.20 | 1.09 | 1.09 | -0.11 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.20 | 19400 | 2024-04-19 15:43:41 |
| 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 |
| Volatility | 55.37 |