NEOVASC INC.
NEOVASC INC.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NVCN
ISIN: CA64065J1066

NEOVASC INC. - Daily - Technical analysis published on 04/29/2021 (GMT)

  • 192
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Download a full-size picture

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 1.024 USD
My targets
0.843 USD (-13.03%)
0.725 USD (-25.18%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.024 USD remains possible. It is advisable to trade NEOVASC INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.024 USD. The next bearish objective for sellers is set at 0.843 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.725 USD. PS: if there is a bullish break in the resistance located at 1.024 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by aba0550.

Additional analysis

Quotes

NEOVASC INC. rating 0.969 USD. The price is lower by -1.12% since the last closing with the lowest point at 0.958 USD and the highest point at 0.991 USD. The deviation from the price is +1.15% for the low point and -2.22% for the high point.

0.958
0.991
0.969

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of NEOVASC INC. in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.725 0.969 1.133 1.357 2.083
Change (%) -25.18% - +16.92% +40.04% +114.96%
Change -0.244 - +0.164 +0.388 +1.114
Level Major - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9210.9400.9540.9730.9871.0061.020
Camarilla0.9600.9630.9660.9690.9720.9750.978
Woodie0.9200.9390.9530.9720.9861.0051.019
Fibonacci0.9400.9520.9600.9730.9850.9931.006


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6210.6880.7890.8560.9571.0241.125
Camarilla0.8440.8590.8750.8900.9050.9210.936
Woodie0.6380.6970.8060.8650.9741.0331.142
Fibonacci0.6880.7520.7920.8560.9200.9601.024


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2770.6050.8431.1711.4091.7371.975
Camarilla0.9240.9761.0281.0801.1321.1841.236
Woodie0.2310.5830.7971.1491.3631.7151.929
Fibonacci0.6050.8220.9551.1711.3881.5211.737

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 47.01
MACD (12,26,9): -0.0680
Directional Movement: -4.219
AROON (14): -35.714
DEMA (21): 0.860
Parabolic SAR (0,02-0,02-0,2): 0.787
Elder Ray (13): 0.040
Super Trend (3,10): 1.017
Zig ZAG (10): 0.976
VORTEX (21): 0.9260
Stochastique (14,3,5): 76.23
TEMA (21): 0.878
Williams %R (14): -15.22
Chande Momentum Oscillator (20): 0.027
Repulse (5,40,3): 4.2560
ROCnROLL: -1
TRIX (15,9): -1.3050
Courbe Coppock: 20.28
MA7: 0.921
MA20: 0.945
MA50: 1.183
MA100: 1.185
MAexp7: 0.931
MAexp20: 0.966
MAexp50: 1.104
MAexp100: 1.240
Price / MA7: +5.21%
Price / MA20: +2.54%
Price / MA50: -18.09%
Price / MA100: -18.23%
Price / MAexp7: +4.08%
Price / MAexp20: +0.31%
Price / MAexp50: -12.23%
Price / MAexp100: -21.85%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis NEOVASC INC. - Daily