CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) Stock Technical Analysis
TSX:CVE-PR-B • CA15135U4063
Overall CVE-PR-B gets a technical rating of 8 out of 10. Although CVE-PR-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: CVE-PR-B has an average volume of 2088 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- CVE-PR-B 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.
- When compared to the yearly performance of all other stocks, CVE-PR-B outperforms 60% of them, which is more or less in line with the market.
- CVE-PR-B is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, CVE-PR-B did better than 61% of them.
- In the last month CVE-PR-B has a been trading in a tight range between 24.15 and 24.75.
- Considerably lower volume is observed in the last couple of days.
CVE-PR-B has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.53, a Stop Loss order could be placed below this zone.
More info and screens
21.83
4 important support areas can be observed.
- A support zone ranging from 24.22 to 24.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.45 to 23.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @22.41 from a horizontal line in the daily time frame.
- Support @22.05 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.57 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-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE-PR-B.CA is up. |
| ChartMill Relative Strength | 60.65 | NEUTRAL | CVE-PR-B.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-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVE-PR-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVE-PR-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.99 | NEUTRAL | The RSI value for CVE-PR-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CVE-PR-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70 | NEUTRAL | The Stochastics value for CVE-PR-B.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-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 8.83 | NEGATIVE | The low ADX value for CVE-PR-B.CA suggests a weak or negative 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 | 24.40 | 0.36 (1.45%) | 25.00% |
| An entry @24.76. This is a Buy Stop order right above the resistance zone. | An exit @24.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.36 points, which is 1.45%. | For a 0.36% 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 3.91 PERP
TSX:CVE-PR-B (2/12/2026, 7:00:00 PM)
24.56
-0.04 (-0.16%)
CENOVUS ENERGY INC - CVECN 3.91 PERP / CVE-PR-B.CA FAQ
Can you provide the ChartMill technical rating for CENOVUS ENERGY INC - CVECN 3.91 PERP?
ChartMill assigns a technical rating of 8 / 10 to CVE-PR-B.CA.
Can you provide the trend direction for CENOVUS ENERGY INC - CVECN 3.91 PERP?
The current trend direction for CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) is Bullish.
What is the RSI signal for CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) stock?
CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) has an RSI value of 53.9932. This indicates that the stock is currently neutral.
What is the MACD signal for CVE-PR-B stock?
The MACD indicator for CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) has a value of -0.0255334, indicating a bearish trend.
What is the short term momentum for CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) stock?
The short term momentum for CENOVUS ENERGY INC - CVECN 3.91 PERP (CVE-PR-B.CA) is positive.