CENOVUS ENERGY INC (CVE.CA) Stock Technical Analysis
Canada - TSX:CVE - CA15135U1093 - Common Stock
Taking everything into account, CVE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CVE is only an average performer.
Although CVE has an excellent technical rating, the quality of the presented setup is not ideal 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
22.93
We found 1 important support area.
- A support zone ranging from 23.16 to 24.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.49 to 25.89. 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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE.CA is up. |
| ChartMill Relative Strength | 65.37 | NEUTRAL | CVE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60 | NEUTRAL | The RSI value for CVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CVE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.17 | OVERBOUGHT | The high Stochastics value suggests CVE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for CVE.CA suggests a possible start of a new trend. |
TSX:CVE (11/20/2025, 7:00:00 PM)
25.48
-0.2 (-0.78%)
CENOVUS ENERGY INC / CVE.CA FAQ
What is the technical rating for CVE stock?
ChartMill assigns a technical rating of 8 / 10 to CVE.CA.
What is the trend direction for CVE stock?
The current trend direction for CENOVUS ENERGY INC (CVE.CA) is Bullish.
Can you provide the RSI signal for CENOVUS ENERGY INC?
CENOVUS ENERGY INC (CVE.CA) has an RSI value of 60.0049. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CENOVUS ENERGY INC?
The short term momentum for CENOVUS ENERGY INC (CVE.CA) is positive.
What are the support and resistance levels for CENOVUS ENERGY INC (CVE.CA) stock?
CENOVUS ENERGY INC (CVE.CA) has a support level at 24.45 and a resistance level at 25.69. Check the full technical report for our detailed analysis of CVE.CA support and resistance levels.