CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Technical Analysis
TSX:CVE-PR-A • CA15135U3073
Current stock price
CVE-PR-A.CA Technical Rating and Analysis
Overall CVE-PR-A gets a technical rating of 5 out of 10. 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.
- 61% 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. 69% of 206 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- In the last month CVE-PR-A has a been trading in a tight range between 24.97 and 25.19.
CVE-PR-A.CA Weekly and Daily overview Charts
CVE-PR-A.CA Setup Rating and Analysis
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 resistance zone just above the current price starting at 25.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.99, a Stop Loss order could be placed below this zone.
More info and screens
CVE-PR-A.CA Support and Resistance Analysis
22.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.34 to 24.99. 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.
We found 1 important resistance area.
- A resistance zone ranging from 25.03 to 25.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CVE-PR-A.CA Technical Indicator Signal Analysis
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 | 39.27 | NEUTRAL | CVE-PR-A.CA is not amongst the best or worst performers 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) | 55.56 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 14.39 | OVERSOLD | The low Stochastics value suggests CVE-PR-A.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 47.09 | POSITIVE | The high ADX value value for CVE-PR-A.CA suggests a strong trend. |
CVE-PR-A.CA Chart- and CandleStick Pattern Analysis
CVE-PR-A.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (3/31/2026, 7:00:00 PM)
25.01
+0.01 (+0.04%)
CENOVUS ENERGY INC - CVECN 2.404 PERP / CVE-PR-A.CA TA 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 5 / 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 CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) stock?
CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) has an RSI value of 55.5609. This indicates that the stock is currently neutral.
What is the MACD signal for CVE-PR-A stock?
The MACD indicator for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) has a value of -0.0179514, indicating a bearish trend.
What is the short term momentum for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) stock?
The short term momentum for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is positive.