CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
Canada - TSX:CVE-PR-A - CA15135U3073
We assign a technical rating of 6 out of 10 to CVE-PR-A. 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.
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. There is a support zone below the current price at 24.20, a Stop Loss order could be placed below this zone.
More info and screens
22.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.46 to 24.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.39 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.34 to 24.63. 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 | 68.63 | 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) | 52.5 | NEUTRAL | The RSI value for CVE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CVE-PR-A.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.73 | 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) | 33.28 | POSITIVE | The high ADX value value for CVE-PR-A.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 24.64 | 24.10 | 0.54 (2.19%) | 25.00% |
| An entry @24.64. This is a Buy Stop order right above the resistance zone. | An exit @24.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.54 points, which is 2.19%. | For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (11/12/2025, 7:00:00 PM)
24.34
+0.2 (+0.83%)
CENOVUS ENERGY INC - CVECN 2.404 PERP / CVE-PR-A.CA FAQ
Can you provide the ChartMill technical rating for CENOVUS ENERGY INC - CVECN 2.404 PERP?
ChartMill assigns a technical rating of 6 / 10 to CVE-PR-A.CA.
What is the current trend direction of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) stock?
The current trend direction for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is Bullish.
What is the RSI signal for CVE-PR-A stock?
CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) has an RSI value of 52.4959. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CENOVUS ENERGY INC - CVECN 2.404 PERP?
The MACD indicator for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) has a value of 0.000205869, indicating a bearish trend.