CENOVUS ENERGY INC (CVE.CA) Technical Analysis
TSX:CVE • CA15135U1093
Current stock price
CVE.CA Technical Rating and Analysis
Overall CVE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CVE is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by CVE over the past year are nicely spread over this period.
- CVE is part of the Oil, Gas & Consumable Fuels industry. There are 204 other stocks in this industry. CVE outperforms 80% of them.
- CVE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVE is lagging the market slightly.
- CVE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- CVE has an average volume of 9728590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVE.CA Weekly and Daily overview Charts
CVE.CA Setup Rating and Analysis
CVE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.44, a Stop Loss order could be placed below this zone.
More info and screens
CVE.CA Support and Resistance Analysis
21.89
4 important support areas can be observed.
- A support zone ranging from 35.44 to 35.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.40 from a trend line in the weekly time frame.
- Support @23.54 from a trend line in the daily time frame.
- Support @22.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.24 to 37.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVE.CA Technical Indicator Signal Analysis
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 | 88 | POSITIVE | CVE.CA has a high relative strength, it outperformed 88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVE.CA is below 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) | 54.76 | NEUTRAL | The RSI value for CVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests CVE.CA has a negative trend. |
| Stochastics (14,3) | 41.18 | NEUTRAL | The Stochastics value for CVE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.1 | POSITIVE | The high ADX value value for CVE.CA suggests a strong trend. |
CVE.CA Chart- and CandleStick Pattern Analysis
CVE.CA Example Setup
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 |
|---|---|---|---|
| 36.39 | 35.43 | 0.96 (2.64%) | 25.00% |
| An entry @36.39. This is a Buy Stop order right above the 10 day moving average. | An exit @35.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.96 points, which is 2.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of CVE. Please evaluate whether better entry and exit points can be found.
- 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.
CVE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CVE (4/14/2026, 7:00:00 PM)
35.45
-0.84 (-2.31%)
CENOVUS ENERGY INC / CVE.CA TA FAQ
What is the technical rating for CVE stock?
ChartMill assigns a technical rating of 10 / 10 to CVE.CA.
What is the current trend direction of CENOVUS ENERGY INC (CVE.CA) stock?
The current trend direction for CENOVUS ENERGY INC (CVE.CA) is Bullish.
What is the RSI signal for CVE stock?
CENOVUS ENERGY INC (CVE.CA) has an RSI value of 54.7611. This indicates that the stock is currently neutral.
What is the MACD signal for CVE stock?
The MACD indicator for CENOVUS ENERGY INC (CVE.CA) has a value of -0.308247, indicating a bearish trend.
Can you provide the short term momentum for CENOVUS ENERGY INC?
The short term momentum for CENOVUS ENERGY INC (CVE.CA) is positive.