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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CVE did better than 78% of all other stocks. We also observe that the gains produced by CVE over the past year are nicely spread over this period.
- CVE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 212 stocks in the same industry.
- 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.
- In the last month CVE has a been trading in the 28.87 - 32.74 range, which is quite wide. It is currently trading near the high of this range.
- CVE has an average volume of 10154200 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
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 support zone below the current price at 30.39, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CVE.CA Support and Resistance Analysis
21.89
When analyzing the support we can see 4 important areas.
- A support zone ranging from 30.01 to 30.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.50 from a trend line in the weekly time frame.
- Support @23.24 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 31.86 to 32.21. 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 | 78.99 | POSITIVE | CVE.CA has a high relative strength, it outperformed 78.99% off all stocks 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) | 62.02 | NEUTRAL | The RSI value for CVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CVE.CA has a negative trend. |
| Stochastics (14,3) | 82.12 | OVERBOUGHT | The high Stochastics value suggests CVE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.18 | 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 |
|---|---|---|---|
| 32.22 | 30.22 | 2.00 (6.21%) | 16.11% |
| An entry @32.22. This is a Buy Stop order right above the resistance zone. | An exit @30.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.00 points, which is 6.21%. | When investing 16.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (3/13/2026, 7:00:00 PM)
31.85
-0.35 (-1.09%)
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.
Can you provide the trend direction for CENOVUS ENERGY INC?
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 62.0199. 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 is the support and resistance level for CVE stock?
CENOVUS ENERGY INC (CVE.CA) has a support level at 30.39 and a resistance level at 31.86. Check the full technical report for our detailed analysis of CVE.CA support and resistance levels.