CENOVUS ENERGY INC (CVE.CA) Stock Technical Analysis
TSX:CVE - CA15135U1093 - Common Stock
22.68 CAD
+1.51 (+7.13%)
Taking everything into account, CVE scores 7 out of 10 in our technical rating. Although CVE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, CVE is a bad performer in the overall market: 61% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CVE has a been trading in the 19.60 - 22.71 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CVE has an average volume of 8990500 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 49% of 211 stocks in the same industry.
CVE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CVE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.77
22.92
We found 2 important support areas.
- A support zone ranging from 20.72 to 20.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.97 to 20.14. 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 22.69 to 22.69. 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 | 39.71 | 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) | 73.78 | OVERBOUGHT | The high RSI value suggests CVE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CVE.CA has a positive trend. |
| Stochastics (14,3) | 78.35 | NEUTRAL | The Stochastics value for CVE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.87 | POSITIVE | The high ADX value value for CVE.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)
TSX:CVE (8/22/2025, 7:00:00 PM)
22.68
+1.51 (+7.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.13%
1 Week9.2%
2 Weeks10.8%
1 Month15.6%
3 Month21.22%
6 Month9.3%
12 Month-11.89%
2 Year-15.81%
3 Year-7.95%
5 Year268.18%
10 Year18.93%
15 Year-20.95%
Volatility
ATR(14)0.6
ATR(20)%2.64%
ATR Inc84.86%
Range Today1.23
ADR(20)0.57
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.71
Mansfield0
10 Day High22.72
10 Day Low19.97
20 Day High22.72
20 Day Low19.6
52 Week High26.47
52 Week Low14.48
CS1 End20.88
CR1 Start22.69
Volume & EV
DER(3)0.31%
DER(5)0.25%
Volume22.65M
Volume Incr92.45%
Vol(5)14.13M
Vol(50)8.99M