Technical Analysis for NVO - Novo Resources Corp.

Grade Last Price % Change Price Change
F 2.2 0.46% 0.010
NVO closed up 0.46 percent on Friday, May 14, 2021, on 38 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical NVO trend table...

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Bollinger Band Squeeze Range Contraction 0.46%
BB Squeeze + Lower Band Touch Range Contraction 0.46%
Lower Bollinger Band Touch Weakness 0.46%
Oversold Stochastic Weakness 0.46%
Bollinger Band Squeeze Range Contraction -1.35%
Narrow Range Bar Range Contraction -1.35%
Older End-of-Day Signals for NVO ...

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Profile

Novo Resources Corp. Description

Novo Resources Corp. is engaged in the business of evaluating, acquiring and exploring natural resource properties. The Company's exploration and evaluation assets include Beatons Creek, Grant's Hill, PaleoPlacer, Tuscarora, Blue Spec, Talga, Two Creeks and Mt. Hayes. The Blue Spec Project encompasses approximately 120 square kilometers and is situated over 20 kilometers due east of its Beatons Creek Project near the town of Nullagine, Western Australia. The Tuscarora Property is located in Elko County, Nevada, and consists of approximately 20 unpatented lode claims. The Two Creeks Project hosts approximately nine kilometers of strike along the Blue Spec shear zone. The Mt. Hays Project covers an area of approximately 80 square kilometers immediately east and adjoining the Two Creeks Project and hosts over 10 kilometers of strike along the Blue Spec shear zone.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Media Australia Natural Resource Lode Western Australia Shear Shear Zone Elko Structural Geology Horse Racing Indigenous Peoples Of The Americas

Is NVO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 4.16
52 Week Low 2.03
Average Volume 325,081
200-Day Moving Average 2.959
50-Day Moving Average 2.699
20-Day Moving Average 2.300
10-Day Moving Average 2.255
Average True Range 0.118
ADX 37.28
+DI 8.184
-DI 23.344
Chandelier Exit (Long, 3 ATRs ) 2.155
Chandelier Exit (Short, 3 ATRs ) 2.515
Upper Bollinger Band 2.429
Lower Bollinger Band 2.170
Percent B (%b) 0.12
BandWidth 11.289
MACD Line -0.133
MACD Signal Line -0.144
MACD Histogram 0.0111
Fundamentals Value
Market Cap 506.78 Million
Num Shares 230 Million
EPS -0.06
Price-to-Earnings (P/E) Ratio -36.67
Price-to-Sales 0.00
Price-to-Book 2.85
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.290
Resistance 3 (R3) 2.287 2.253 2.275
Resistance 2 (R2) 2.253 2.230 2.255 2.270
Resistance 1 (R1) 2.227 2.216 2.210 2.230 2.265
Pivot Point 2.193 2.193 2.185 2.195 2.193
Support 1 (S1) 2.167 2.170 2.150 2.170 2.135
Support 2 (S2) 2.133 2.156 2.135 2.130
Support 3 (S3) 2.107 2.133 2.125
Support 4 (S4) 2.110