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Cleo Diagnostics Ltd

COV.AX Technical Analysis Summary (ASX)

Analyze COV.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

COV.AX●ASX
HealthcareMedical - Devices
$0.27
$0.02(8.47%)
Australian Market opens in 53h 3m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

COV.AX Technical Analysis Summary (ASX)

Cleo Diagnostics Ltd (ASX: COV.AX) stock currently shows a bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 38.87)
Trend Strength:Strong (ADX: 34.74)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.27 – $0.34 (Bollinger Bands)

Technical conditions suggest Cleo Diagnostics Ltd on the ASX is awaiting a decisive move. Technical conditions suggest Cleo Diagnostics Ltd is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 38.87

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 13.87

Bullish
Oversold zone signals rebound potential.

Williams %R: -78.95

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -9.68

Strongly Bearish
Sharp downside momentum.

Takeaway:Cleo Diagnostics Ltd shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 34.74

Strong
Strong trend, momentum well established.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): -145.12

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Cleo Diagnostics Ltd shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.34
Middle Band (SMA 20)
$0.31
Lower Band
$0.27
Current Position
Within Bands

Takeaway:Cleo Diagnostics Ltd trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$0.33
Middle Line (EMA 20)
$0.30
Lower Channel
$0.27
Squeeze Status
No Squeeze

Takeaway:Cleo Diagnostics Ltd trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-303.32K
Money Flow Index32.96Bearish, selling pressure outweighs inflows.
Relative Vigor Index29.06Bearish, price momentum favors sellers.

Overall Takeaway:COV.AX shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Cleo Diagnostics Ltd (ASX: COV.AX), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Cleo Diagnostics Ltd shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: COV.AX) Technical Analysis FAQ