CENOVUS ENERGY INC - CVECN 4.15 PERP (CVE-PR-B.CA) Stock Technical Analysis
Canada - TSX:CVE-PR-B - CA15135U4063
24.24 CAD
+0.44 (+1.85%)
We assign a technical rating of 8 out of 10 to CVE-PR-B. 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 2394 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.
In the last month CVE-PR-B has a been trading in the 0.00 - 24.49 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CVE-PR-B turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
CVE-PR-B is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 212 stocks in the same industry.
Volume is considerably higher in the last couple of days.
CVE-PR-B has an excellent technical rating, but the quality of the setup is only medium 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
21.83
24.73
We found 3 important support areas.
- Support @24.19 from a horizontal line in the daily time frame.
- A support zone ranging from 23.47 to 23.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 24.49 to 24.49. 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 | 60.7 | 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) | 52.64 | NEUTRAL | The RSI value for CVE-PR-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests CVE-PR-B.CA has a positive trend. |
| Stochastics (14,3) | 97.74 | OVERBOUGHT | The high Stochastics value suggests CVE-PR-B.CA may be overbought. |
| Average True Range in percent/ATR (20) | 10.93 | HIGH VOLATILITY | The high ATR as a percentage value for CVE-PR-B.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.73 | NEGATIVE | The low ADX value for CVE-PR-B.CA suggests a weak or negative 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 4.15 PERP
TSX:CVE-PR-B (10/2/2025, 7:00:00 PM)
24.24
+0.44 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.85%
1 Week-1.02%
2 Weeks3.11%
1 Month2.93%
3 Month2.93%
6 Month7.93%
12 Month29.42%
2 Year65.91%
3 Year51.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.7
ATR(20)%10.93%
ATR Inc-90.39%
Range Today0.68
ADR(20)0.1
ADR(20)%0.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.7
Mansfield-0.11
10 Day High24.49
10 Day Low0
20 Day High24.49
20 Day Low0
52 Week High24.49
52 Week Low0
CS1 End24.19
CR1 Start24.49
Volume & EV
DER(3)0%
DER(5)0%
Volume16.20K
Volume Incr30.04%
Vol(5)4.30K
Vol(50)2.39K