CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
Canada - TSX:CVE-PR-A - CA15135U3073
24.19 CAD
+0.11 (+0.46%)
Overall CVE-PR-A gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CVE-PR-A is only an average performer.
Warning: CVE-PR-A has an average volume of 17804 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CVE-PR-A is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry. CVE-PR-A outperforms 72% of them.
CVE-PR-A is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, CVE-PR-A turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
In the last month CVE-PR-A has a been trading in a tight range between 23.53 and 24.68.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CVE-PR-A does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.12, a Stop Loss order could be placed below this zone.
More info and screens
22.17
24.64
We found 2 important support areas.
- A support zone ranging from 23.46 to 24.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.39 to 22.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.24 to 24.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CVE-PR-A.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVE-PR-A.CA is neutral. |
| ChartMill Relative Strength | 65.21 | NEUTRAL | CVE-PR-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVE-PR-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVE-PR-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVE-PR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.05 | NEUTRAL | The RSI value for CVE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVE-PR-A.CA has a positive trend. |
| Stochastics (14,3) | 51.9 | NEUTRAL | The Stochastics value for CVE-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 43.46 | POSITIVE | The high ADX value value for CVE-PR-A.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.41 | 23.77 | 0.64 (2.62%) | 25.00% |
| An entry @24.41. This is a Buy Stop order right above the resistance zone. | An exit @23.77. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.64 points, which is 2.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (10/7/2025, 7:00:00 PM)
24.19
+0.11 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.46%
1 Week-0.86%
2 Weeks1%
1 Month0.96%
3 Month1.81%
6 Month8.04%
12 Month36.74%
2 Year89.13%
3 Year76.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.78%
ATR Inc-41.67%
Range Today0.19
ADR(20)0.14
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.21
Mansfield-0.35
10 Day High24.4
10 Day Low23.78
20 Day High24.68
20 Day Low23.53
52 Week High24.68
52 Week Low17.52
CS1 End24.12
CR1 Start24.24
Volume & EV
DER(3)-24.99%
DER(5)-17.74%
Volume2.16K
Volume Incr-90.32%
Vol(5)2.12K
Vol(50)17.80K