Stock Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
COVA Acquisition Corp. - Warrants to purchase Class A ordinary shares (NASDAQ:COVAW)
Long-Term Downtrend (-90) - COVAW is in a strong downtrend that is likely to continue. While COVAW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid COVAW?
MarketClub looks at technical strength and momentum to determine if the timing is right for COVAW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COVAW
The long-term trend has been DOWN since Apr 19th, 2021 at 0.580049
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 0.580049
The short-term trend has been DOWN since May 10th, 2021 at 0.570001
Smart Scan Analysis for COVAW
Based on our trend formula, COVAW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.98||52wk High Date||2021-04-01|
|52wk Low||0.5404||52wk Low Date||2021-04-28|