CENOVUS ENERGY INC - CVECN 3.9 PERP (CVE-PR-B.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CVE-PR-B - CA15135U4063
Taking everything into account, CVE-PR-B scores 7 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, CVE-PR-B 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 23.82, a Stop Loss order could be placed below this zone.
More info and screens
21.83
2 important support areas can be observed.
- A support zone ranging from 23.77 to 23.82. 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.
We found 1 important resistance area.
- A resistance zone ranging from 23.89 to 24.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 62.86 | NEUTRAL | CVE-PR-B.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVE-PR-B.CA is below 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) | 51.52 | NEUTRAL | The RSI value for CVE-PR-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVE-PR-B.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.94 | NEUTRAL | The Stochastics value for CVE-PR-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for CVE-PR-B.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.29 | NEGATIVE | The low ADX value for CVE-PR-B.CA suggests a weak or negative trend. |
CENOVUS ENERGY INC - CVECN 3.9 PERP
TSX:CVE-PR-B (11/28/2025, 7:00:00 PM)
23.85
+0.02 (+0.08%)
CENOVUS ENERGY INC - CVECN 3.9 PERP / CVE-PR-B.CA FAQ
Can you provide the ChartMill technical rating for CENOVUS ENERGY INC - CVECN 3.9 PERP?
ChartMill assigns a technical rating of 7 / 10 to CVE-PR-B.CA.
What is the trend direction for CVE-PR-B stock?
The current trend direction for CENOVUS ENERGY INC - CVECN 3.9 PERP (CVE-PR-B.CA) is Bullish.
Can you provide the RSI signal for CENOVUS ENERGY INC - CVECN 3.9 PERP?
CENOVUS ENERGY INC - CVECN 3.9 PERP (CVE-PR-B.CA) has an RSI value of 51.5214. This indicates that the stock is currently neutral.
What is the buy/sell signal for CENOVUS ENERGY INC - CVECN 3.9 PERP (CVE-PR-B.CA) stock?
The buy/sell signal for CENOVUS ENERGY INC - CVECN 3.9 PERP (CVE-PR-B.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CVE-PR-B stock?
CENOVUS ENERGY INC - CVECN 3.9 PERP (CVE-PR-B.CA) has a support level at 23.82 and a resistance level at 23.89. Check the full technical report for our detailed analysis of CVE-PR-B.CA support and resistance levels.