CENOVUS ENERGY INC - CVECN 3.935 PERP (CVE-PR-G.CA) Stock Technical Analysis
TSX:CVE-PR-G - Toronto Stock Exchange - CA15135U8858 - Currency: CAD
Overall CVE-PR-G gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CVE-PR-G is only an average performer.
Warning: CVE-PR-G has an average volume of 18407 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!
A new 52 week high is currently being made by CVE-PR-G, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the performance of all stocks over the past year, CVE-PR-G turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
CVE-PR-G is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, CVE-PR-G did better than 57% of them.
In the last month CVE-PR-G has a been trading in a tight range between 24.98 and 25.20.
Volume is considerably higher in the last couple of days.
CVE-PR-G 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
23.36
25.46
We found 2 important support areas.
- A support zone ranging from 24.73 to 25.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.60 to 24.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.21 to 25.21. 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-G.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE-PR-G.CA is up. |
| ChartMill Relative Strength | 45.15 | NEUTRAL | CVE-PR-G.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-G.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVE-PR-G.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVE-PR-G.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.04 | NEUTRAL | The RSI value for CVE-PR-G.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CVE-PR-G.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.33 | OVERBOUGHT | The high Stochastics value suggests CVE-PR-G.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for CVE-PR-G.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.21 | POSITIVE | The high ADX value value for CVE-PR-G.CA suggests a strong 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)
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 |
|---|---|---|---|
| 25.22 | 25.09 | 0.13 (0.52%) | 25.00% |
| An entry @25.22. This is a Buy Stop order right above the resistance zone. | An exit @25.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 0.52%. | For a 0.13% 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 3.935 PERP
TSX:CVE-PR-G (6/6/2025, 7:00:00 PM)
25.2
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.04%
1 Week0.4%
2 Weeks0.6%
1 Month1.2%
3 Month0.6%
6 Month1.41%
12 Month5.57%
2 Year33.69%
3 Year19.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.14%
ATR Inc-75.86%
Range Today0.01
ADR(20)0.02
ADR(20)%0.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.15
Mansfield-0.15
10 Day High25.2
10 Day Low25.1
20 Day High25.2
20 Day Low24.98
52 Week High25.2
52 Week Low22.51
CS1 End25.15
CR1 Start25.21
Volume & EV
DER(3)0%
DER(5)0%
Volume1.20K
Volume Incr720.63%
Vol(5)97.73K
Vol(50)18.41K