CENOVUS ENERGY INC - CVECN 4.04 PERP (CVE-PR-B.CA) Technical Analysis
TSX:CVE-PR-B • CA15135U4063
Current stock price
CVE-PR-B.CA Technical Rating and Analysis
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.
- CVE-PR-B is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 204 stocks in the same industry do better.
- Warning: CVE-PR-B has an average volume of 6500 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 47% of them, which is more or less in line with the market.
- In the last month CVE-PR-B has a been trading in a tight range between 24.50 and 25.22.
- Considerably lower volume is observed in the last couple of days.
CVE-PR-B.CA Weekly and Daily overview Charts
CVE-PR-B.CA Setup Rating and Analysis
Although CVE-PR-B has an excellent technical rating, it 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
CVE-PR-B.CA Support and Resistance Analysis
21.83
We found 4 important support areas.
- A support zone ranging from 24.54 to 24.96. 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 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.07 to 25.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CVE-PR-B.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-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 | 47.07 | 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) | 56.21 | NEUTRAL | The RSI value for CVE-PR-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CVE-PR-B.CA has a negative trend. |
| Stochastics (14,3) | 41.04 | NEUTRAL | The Stochastics value for CVE-PR-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.5 | NEGATIVE | The low ADX value for CVE-PR-B.CA suggests a weak or negative trend. |
CVE-PR-B.CA Chart- and CandleStick Pattern Analysis
CVE-PR-B.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CENOVUS ENERGY INC - CVECN 4.04 PERP
TSX:CVE-PR-B (3/25/2026, 7:00:00 PM)
25
+0.02 (+0.08%)
CENOVUS ENERGY INC - CVECN 4.04 PERP / CVE-PR-B.CA TA FAQ
Can you provide the ChartMill technical rating for CENOVUS ENERGY INC - CVECN 4.04 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 4.04 PERP?
The current trend direction for CENOVUS ENERGY INC - CVECN 4.04 PERP (CVE-PR-B.CA) is Bullish.
What is the RSI signal for CVE-PR-B stock?
CENOVUS ENERGY INC - CVECN 4.04 PERP (CVE-PR-B.CA) has an RSI value of 56.2072. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CENOVUS ENERGY INC - CVECN 4.04 PERP?
The MACD indicator for CENOVUS ENERGY INC - CVECN 4.04 PERP (CVE-PR-B.CA) has a value of -0.0450766, indicating a bearish trend.
Can you provide the support and resistance levels for CENOVUS ENERGY INC - CVECN 4.04 PERP?
CENOVUS ENERGY INC - CVECN 4.04 PERP (CVE-PR-B.CA) has a support level at 24.96 and a resistance level at 25.07. Check the full technical report for our detailed analysis of CVE-PR-B.CA support and resistance levels.