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CENOVUS ENERGY INC (CVE.CA) Stock Technical Analysis

TSX:CVE - Toronto Stock Exchange - CA15135U1093 - Common Stock - Currency: CAD

21.15  +0.07 (+0.33%)

Technical Rating and Analysis

0

Overall CVE gets a technical rating of 0 out of 10. CVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CVE is a bad performer in the overall market: 73% of all stocks are doing better.
CVE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CVE has a been trading in the 20.16 - 22.63 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CVE has an average volume of 4984650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVE is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 214 stocks in the same industry.
Weekly and Daily overview Charts
CENOVUS ENERGY INC / CVE Weekly stock chart
CENOVUS ENERGY INC / CVE Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, CVE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.66, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

20.35

29.10

We found 1 important support area.

  • A support zone ranging from 20.56 to 20.66. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 21.22 to 22.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @24.52 from a trend line in the daily time frame.
  • Resistance @28.81 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.65
Mansfield-2.15
10 Day High21.89
10 Day Low20.16
20 Day High22.63
20 Day Low20.16
52 Week High29.96
52 Week Low20.16
Performance
1 Week0.62%
2 Weeks-0.47%
1 Month-4.9%
3 Month-5.71%
6 Month-16.34%
12 Month-3.16%
2 Year-15.94%
3 Year6.12%
5 Year114.29%
10 Year-1.95%
15 Year-17.7%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)46.29
LBB20.7
UBB21.89
CENOVUS ENERGY INC / CVE Daily stock chart

CENOVUS ENERGY INC

TSX:CVE (2/7/2025, 7:00:00 PM)

21.15

+0.07 (+0.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.33%
1 Week0.62%
2 Weeks-0.47%
1 Month-4.9%
3 Month-5.71%
6 Month-16.34%
12 Month-3.16%
2 Year-15.94%
3 Year6.12%
5 Year114.29%
10 Year-1.95%
15 Year-17.7%
Volatility
ATR(14)0.73
ATR(20)%3.28%
ATR Inc11.35%
Range Today0.45
ADR(20)0.65
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.65
Mansfield-2.15
10 Day High21.89
10 Day Low20.16
20 Day High22.63
20 Day Low20.16
52 Week High29.96
52 Week Low20.16
CS1 End20.66
CR1 Start21.22
Volume & EV
DER(3)2.43%
DER(5)2.2%
Volume3.63M
Volume Incr-1.56%
Vol(5)4.71M
Vol(50)4.98M