CENOVUS ENERGY INC (CVE.CA) Stock Technical Analysis
TSX:CVE - Toronto Stock Exchange - CA15135U1093 - Common Stock - Currency: CAD
Overall CVE gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CVE was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than CVE.
CVE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 210 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CVE has an average volume of 7557310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month CVE has a been trading in the 18.21 - 20.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVE has only a medium technical rating, but it does show 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 19.05, a Stop Loss order could be placed below this zone.
More info and screens
17.61
22.88
We found 3 important support areas.
- A support zone ranging from 18.49 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.10 from a horizontal line in the weekly time frame.
- Support @17.79 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.69 to 20.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.65 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CVE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE.CA is up. |
| ChartMill Relative Strength | 20.24 | NEGATIVE | CVE.CA has a low relative strength, it was outperformed by 79.76% 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) | DOWN | NEGATIVE | The current price of CVE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.76 | NEUTRAL | The RSI value for CVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CVE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.28 | NEUTRAL | The Stochastics value for CVE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | NEGATIVE | The low ADX value for CVE.CA suggests a weak or negative 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 (7/4/2025, 7:00:00 PM)
19.16
-0.04 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.21%
1 Week1.7%
2 Weeks-5.48%
1 Month6.09%
3 Month19.75%
6 Month-13.5%
12 Month-28.45%
2 Year-23.6%
3 Year-21.48%
5 Year221.48%
10 Year0.52%
15 Year-33.82%
Volatility
ATR(14)0.47
ATR(20)%2.67%
ATR Inc-51.08%
Range Today0.21
ADR(20)0.46
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.24
Mansfield-1.77
10 Day High20.33
10 Day Low18.45
20 Day High20.54
20 Day Low18.21
52 Week High28.39
52 Week Low14.48
CS1 End19.05
CR1 Start19.69
Volume & EV
DER(3)0.51%
DER(5)-0.62%
Volume3.70M
Volume Incr-44%
Vol(5)5.77M
Vol(50)7.56M