CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
TSX:CVE-PR-A - CA15135U3073
23.96 CAD
0 (0%)
Taking everything into account, CVE-PR-A scores 5 out of 10 in our technical rating. In the last year, CVE-PR-A was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: CVE-PR-A has an average volume of 16820 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CVE-PR-A is part of the Oil, Gas & Consumable Fuels industry. There are 218 other stocks in this industry. CVE-PR-A outperforms 75% 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, CVE-PR-A outperforms 63% of them, which is more or less in line with the market.
In the last month CVE-PR-A has a been trading in a tight range between 23.88 and 24.51.
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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.92, a Stop Loss order could be placed below this zone.
More info and screens
22.07
24.58
2 important support areas can be observed.
- A support zone ranging from 23.36 to 23.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.29 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 24.02 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 | DOWN | NEGATIVE | The short term trend for CVE-PR-A.CA is down. |
| ChartMill Relative Strength | 63.7 | NEUTRAL | CVE-PR-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVE-PR-A.CA is below 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) | 48.8 | NEUTRAL | The RSI value for CVE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CVE-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 4.68 | OVERSOLD | The low Stochastics value suggests CVE-PR-A.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 39.43 | 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 (9/5/2025, 7:00:00 PM)
23.96
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-1.32%
2 Weeks-0.04%
1 Month0.34%
3 Month-0.17%
6 Month5.55%
12 Month32.45%
2 Year102.54%
3 Year69.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.6%
ATR Inc-86.79%
Range Today0.01
ADR(20)0.11
ADR(20)%0.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.7
Mansfield0.02
10 Day High24.51
10 Day Low23.95
20 Day High24.51
20 Day Low23.88
52 Week High24.51
52 Week Low17.14
CS1 End23.92
CR1 Start24.02
Volume & EV
DER(3)-2.21%
DER(5)-42.5%
Volume5.57K
Volume Incr-52.08%
Vol(5)7.32K
Vol(50)16.82K