CENOVUS ENERGY INC (CVE) Technical Analysis
NYSE:CVE • CA15135U1093
Current stock price
26.88 USD
+0.32 (+1.2%)
At close:
26.859 USD
-0.02 (-0.08%)
After Hours:
CVE Technical Rating and Analysis
Overall CVE gets a technical rating of 10 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!
- Looking at the yearly performance, CVE did better than 95% of all other stocks. On top of that, CVE also shows a nice and consistent pattern of rising prices.
- CVE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 209 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 22.27 - 27.65 range, which is quite wide. It is currently trading near the high of this range.
- CVE has an average volume of 15749400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVE Weekly and Daily overview Charts
CVE Setup Rating and Analysis
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
CVE Support and Resistance Analysis
15.79
27.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.82 to 26.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.09 from a trend line in the weekly time frame.
- Support @16.87 from a trend line in the daily time frame.
- Support @15.95 from a horizontal line in the daily time frame.
CVE 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE is up. |
| ChartMill Relative Strength | 95.99 | POSITIVE | CVE has a high relative strength, it outperformed 95.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.97 | OVERBOUGHT | The high RSI value suggests CVE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.01 | NEUTRAL | The Stochastics value for CVE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE suggests some volalility. |
| Average Directional Index/ADX (14) | 41.64 | POSITIVE | The high ADX value value for CVE suggests a strong trend. |
CVE Chart- and CandleStick Pattern Analysis
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)
CVE Technicals: Chart, Performance Metrics, Trend & Indicators
26.88
+0.32 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.2%
1 Week0.22%
2 Weeks7.26%
1 Month18.26%
3 Month63.8%
6 Month55.38%
12 Month135.79%
2 Year30.74%
3 Year60%
5 Year245.95%
10 Year69.7%
15 Year-30%
Volatility
ATR(14)0.99
ATR(20)%3.37%
ATR Inc13.74%
Range Today0.69
ADR(20)0.87
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.99
3 months CRS98.26
6 months CRS95.29
Mansfield5.23
10 Day High27.65
10 Day Low24.03
20 Day High27.65
20 Day Low22.27
52 Week High27.65
52 Week Low11.28
CS1 End26.13
CR1 StartN/A
Volume & EV
DER(3)1.51%
DER(5)-0.06%
Volume11.72M
Volume Incr-17.62%
Vol(5)15.35M
Vol(50)15.75M
CENOVUS ENERGY INC / CVE TA FAQ
What is the technical rating for CVE stock?
ChartMill assigns a technical rating of 10 / 10 to CVE.
What is the current trend direction of CENOVUS ENERGY INC (CVE) stock?
The current trend direction for CENOVUS ENERGY INC (CVE) is Bullish.
What is the RSI signal for CVE stock?
CENOVUS ENERGY INC (CVE) has an RSI value of 70.9685. This indicates that the stock is currently overbought.
What is the MACD signal for CVE stock?
The MACD indicator for CENOVUS ENERGY INC (CVE) has a value of 0.0569636, indicating a bearish trend.
Can you provide the short term momentum for CENOVUS ENERGY INC?
The short term momentum for CENOVUS ENERGY INC (CVE) is positive.