Would an "early ovulation" test be negative on the day of your ovulation?

I've been trying to get a positive ovulation test and haven't gotten one yet for my cycle. I stopped taking tests for two days and tried again today on my supposed ovulation day and it was still negative. Is that because it was one of those "early ovulation" tests? Maybe it would have been positive if I had taken it two days ago? The box says it'll tell you when you'll be ovulating within the next 24-48 hours.