NEOVASC INC. - Daily - Technical analysis published on 04/29/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
NEOVASC INC. Chart
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
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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.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.921 | 0.940 | 0.954 | 0.973 | 0.987 | 1.006 | 1.020 |
Camarilla | 0.960 | 0.963 | 0.966 | 0.969 | 0.972 | 0.975 | 0.978 |
Woodie | 0.920 | 0.939 | 0.953 | 0.972 | 0.986 | 1.005 | 1.019 |
Fibonacci | 0.940 | 0.952 | 0.960 | 0.973 | 0.985 | 0.993 | 1.006 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.621 | 0.688 | 0.789 | 0.856 | 0.957 | 1.024 | 1.125 |
Camarilla | 0.844 | 0.859 | 0.875 | 0.890 | 0.905 | 0.921 | 0.936 |
Woodie | 0.638 | 0.697 | 0.806 | 0.865 | 0.974 | 1.033 | 1.142 |
Fibonacci | 0.688 | 0.752 | 0.792 | 0.856 | 0.920 | 0.960 | 1.024 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.277 | 0.605 | 0.843 | 1.171 | 1.409 | 1.737 | 1.975 |
Camarilla | 0.924 | 0.976 | 1.028 | 1.080 | 1.132 | 1.184 | 1.236 |
Woodie | 0.231 | 0.583 | 0.797 | 1.149 | 1.363 | 1.715 | 1.929 |
Fibonacci | 0.605 | 0.822 | 0.955 | 1.171 | 1.388 | 1.521 | 1.737 |
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 :
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on NEOVASC INC.. At the time of publication of this analysis, the latest news was as follows:
- Neovasc Provides Reducer Reimbursement Progress Update
- Neovasc Provides Reducer Reimbursement Progress Update
- Neovasc to Report First Quarter 2021 Financial Results on May 6, 2021
- Neovasc to Report First Quarter 2021 Financial Results on May 6, 2021
- Neovasc Comments on EuroIntervention Article
This member declared not having a position on this financial instrument or a related financial instrument.
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