CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
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 longer term time frames. Compared to the overall market however, CVE-PR-A is a bad performer.
- 63% of all other stocks performed better in the past year than CVE-PR-A.
- CVE-PR-A is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 63% of 212 stocks in the same industry do better.
- Warning: CVE-PR-A has an average volume of 9988 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by CVE-PR-A, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month CVE-PR-A has a been trading in a tight range between 24.51 and 24.92.
- Considerably lower volume is observed in the last couple of days.
CVE-PR-A has an average technical rating and it also does not offer a high quality setup 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
22.17
3 important support areas can be observed.
- A support zone ranging from 24.34 to 24.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.70 to 23.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.39 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for CVE-PR-A.CA is up. |
| ChartMill Relative Strength | 37.97 | 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) | 53.42 | NEUTRAL | The RSI value for CVE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CVE-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for CVE-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 46.24 | POSITIVE | The high ADX value value for CVE-PR-A.CA suggests a strong trend. |
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (2/26/2026, 7:00:00 PM)
25.1
+0.44 (+1.78%)
CENOVUS ENERGY INC - CVECN 2.404 PERP / CVE-PR-A.CA FAQ
What is the ChartMill technical rating of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to CVE-PR-A.CA.
What is the trend direction for CVE-PR-A 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 53.421. This indicates that the stock is currently neutral.
What is the buy/sell signal for CVE-PR-A stock?
The buy/sell signal for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CENOVUS ENERGY INC - CVECN 2.404 PERP?
CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) has a support level at 24.69 and a resistance level at 24.75. Check the full technical report for our detailed analysis of CVE-PR-A.CA support and resistance levels.