CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CVE-PR-A - CA15135U3073
We assign a technical rating of 7 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.
- Warning: CVE-PR-A has an average volume of 7073 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.
- 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.
- When compared to the yearly performance of all other stocks, CVE-PR-A outperforms 42% of them, which is more or less in line with the market.
- CVE-PR-A is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, CVE-PR-A did better than 50% of them.
- In the last month CVE-PR-A has a been trading in a tight range between 24.13 and 24.66.
Besides having an excellent technical rating, CVE-PR-A also presents a decent setup pattern. 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 resistance zone just above the current price starting at 24.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.46, a Stop Loss order could be placed below this zone.
More info and screens
22.17
We found 2 important support areas.
- A support zone ranging from 23.46 to 24.46. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.60 to 24.75. 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 | UP | POSITIVE | The short term trend for CVE-PR-A.CA is up. |
| ChartMill Relative Strength | 42.01 | 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) | 51.67 | 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. |
| Stochastics (14,3) | 67.92 | NEUTRAL | The Stochastics value for CVE-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for CVE-PR-A.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 24.76 | 24.12 | 0.64 (2.58%) | 25.00% |
| An entry @24.76. This is a Buy Stop order right above the resistance zone. | An exit @24.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.64 points, which is 2.58%. | For a 0.65% 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 (1/15/2026, 7:00:00 PM)
24.49
+0.01 (+0.04%)
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 7 / 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 51.6732. 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 24.46 and a resistance level at 24.6. Check the full technical report for our detailed analysis of CVE-PR-A.CA support and resistance levels.