CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
TSX:CVE-PR-A - Toronto Stock Exchange - CA15135U3073 - Currency: CAD
We assign a technical rating of 7 out of 10 to CVE-PR-A. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: CVE-PR-A has an average volume of 14022 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.
When comparing the yearly performance of all stocks, we notice that CVE-PR-A is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, CVE-PR-A also shows a nice and consistent pattern of rising prices.
CVE-PR-A is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 212 stocks in the same industry.
CVE-PR-A is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVE-PR-A is lagging the market slightly.
In the last month CVE-PR-A has a been trading in a tight range between 23.46 and 24.38.
Volume is considerably higher in the last couple of days.
Although CVE-PR-A has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.54
24.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.29 to 22.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.76 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.72 to 24.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 79.32 | POSITIVE | CVE-PR-A.CA has a high relative strength, it outperformed 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVE-PR-A.CA is below a declining 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) | 46.19 | NEUTRAL | The RSI value for CVE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CVE-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 1.83 | OVERSOLD | The low Stochastics value suggests CVE-PR-A.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.42 | 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)
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (6/23/2025, 7:00:00 PM)
23.5
-0.11 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.44%
1 Week-2.04%
2 Weeks-1.47%
1 Month-1.01%
3 Month2.17%
6 Month11.85%
12 Month42.42%
2 Year76.96%
3 Year54.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.69%
ATR Inc-26.71%
Range Today0.02
ADR(20)0.06
ADR(20)%0.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.32
Mansfield1.03
10 Day High24.09
10 Day Low23.5
20 Day High24.38
20 Day Low23.46
52 Week High24.38
52 Week Low16.9
CS1 End22.9
CR1 Start23.72
Volume & EV
DER(3)0%
DER(5)0%
Volume400
Volume Incr18.25%
Vol(5)21.98K
Vol(50)14.02K