CENOVUS ENERGY INC (CVE.CA) Stock Technical Analysis
Canada - TSX:CVE - CA15135U1093 - Common Stock
24.02 CAD
-0.15 (-0.62%)
Overall CVE gets a technical rating of 8 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 is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month CVE has a been trading in the 20.60 - 24.46 range, which is quite wide. It is currently trading near the high of this range.
CVE has an average volume of 9697020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CVE turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
CVE is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 63% of 216 stocks in the same industry.
CVE 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
21.04
24.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.92 to 23.18. 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 22.11 to 22.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.25 to 21.74. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 54.97 | 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) | 66.67 | NEUTRAL | The RSI value for CVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CVE.CA has a positive trend. |
| Stochastics (14,3) | 86.99 | OVERBOUGHT | The high Stochastics value suggests CVE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.64 | 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 (9/17/2025, 7:00:00 PM)
24.02
-0.15 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.62%
1 Week1.44%
2 Weeks5.54%
1 Month16.55%
3 Month19.5%
6 Month18.21%
12 Month3.49%
2 Year-15.06%
3 Year13.2%
5 Year362.81%
10 Year18.68%
15 Year-18.82%
Volatility
ATR(14)0.65
ATR(20)%2.74%
ATR Inc3.17%
Range Today0.45
ADR(20)0.62
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.97
Mansfield0.51
10 Day High24.46
10 Day Low21.82
20 Day High24.46
20 Day Low20.6
52 Week High25.31
52 Week Low14.48
CS1 End23.18
CR1 StartN/A
Volume & EV
DER(3)1.9%
DER(5)-0.07%
Volume7.79M
Volume Incr16.8%
Vol(5)12.72M
Vol(50)9.70M