CENOVUS ENERGY INC (CVE.CA)

CA15135U1093 - Common Stock

29.32  +0.23 (+0.79%)

Technical Rating and Analysis

9

Overall CVE gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CVE has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
CVE is part of the Oil, Gas & Consumable Fuels industry. There are 230 other stocks in this industry. CVE outperforms 83% of them.
CVE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CVE is leading the market.
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 4811500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CVE did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

More info and screens

Weekly and Daily overview Charts
CVE Weekly chart
CVE Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, CVE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.05, a Stop Loss order could be placed below this zone.

More info and screens

Support and Resistance Analysis

28.06

30.11

When analyzing the support we notice one important area.

  • A support zone ranging from 28.34 to 29.05. 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 2 important areas.

  • Resistance @29.33 from a horizontal line in the weekly time frame.
  • Resistance @29.81 from a horizontal line in the daily time frame.

More info

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
CRS88.69
Mansfield0.78
10 Day High29.46
10 Day Low28.01
20 Day High29.96
20 Day Low26.9
52 Week High29.96
52 Week Low19.82
Performance
1 Week2.2%
2 Weeks1.63%
1 Month8.27%
3 Month34.62%
6 Month9.4%
12 Month28.94%
2 Year23.45%
3 Year206.37%
5 Year120.78%
10 Year-10.2%
15 YearN/A

More info

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)

More info

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)-0.12
RSI(14)72.16
LBB28.15
UBB29.69

More info

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.

ENTRYEXITDISTANCECAPITAL
29.3428.331.01 (3.44%)25.00%
An entry @29.34. This is a Buy Stop order right above the resistance zone.An exit @28.33. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.01 points, which is 3.44%.For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.

More info and screens

CVE Daily chart

CENOVUS ENERGY INC

TSX:CVE (4/26/2024, 6:00:00 PM)

29.32

+0.23 (+0.79%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.79%
1 Week2.2%
2 Weeks1.63%
1 Month8.27%
3 Month34.62%
6 Month9.4%
12 Month28.94%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.65
ATR(20)%2.09%
ATR Inc
Range Today0.51
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High29.46
10 Day Low28.01
20 Day High29.96
20 Day Low26.9
52 Week High29.96
52 Week Low19.82
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.46M
Volume Incr-25.6%
Vol(5)3.33M
Vol(50)4.81M