CENOVUS ENERGY INC (CVE) Stock Technical Analysis
NYSE:CVE - CA15135U1093 - Common Stock
15.8603 USD
+0.65 (+4.28%)
We assign a technical rating of 7 out of 10 to CVE. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CVE is a bad performer.
When comparing the yearly performance of all stocks, CVE is a bad performer in the overall market: 76% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month CVE has a been trading in the 14.30 - 15.64 range, which is quite wide. It is currently trading near the high of this range.
CVE has an average volume of 12599800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVE is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, CVE did better than 42% of them.
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.
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
12.84
16.02
When analyzing the support we can see 3 important areas.
- Support @15.59 from a horizontal line in the daily time frame.
- A support zone ranging from 14.87 to 15.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.97 to 13.26. This zone is formed by a combination of multiple trend lines 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE is up. |
| ChartMill Relative Strength | 24.63 | NEGATIVE | CVE has a low relative strength, it was outperformed by 75.37% 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) | DOWN | MIXED | The current price of CVE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.02 | NEUTRAL | The RSI value for CVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.78 | NEUTRAL | The Stochastics value for CVE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE suggests some volalility. |
| Average Directional Index/ADX (14) | 26.28 | POSITIVE | The high ADX value value for CVE 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)
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 |
|---|---|---|---|
| 15.25 | 14.48 | 0.77 (5.05%) | 19.81% |
| An entry @15.25. This is a Buy Stop order right above the resistance zone. | An exit @14.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.77 points, which is 5.05%. | When investing 19.81% 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.
NYSE:CVE (8/22/2025, 10:41:00 AM)
15.8603
+0.65 (+4.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.28%
1 Week0.53%
2 Weeks3.4%
1 Month5.77%
3 Month11.59%
6 Month4.25%
12 Month-20.16%
2 Year-23.68%
3 Year-18.92%
5 Year222.25%
10 Year5.11%
15 Year-43.48%
Volatility
ATR(14)0.42
ATR(20)%2.83%
ATR Inc-26.78%
Range Today0.64
ADR(20)0.43
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.63
Mansfield-0.48
10 Day High15.26
10 Day Low14.49
20 Day High15.64
20 Day Low14.31
52 Week High19.64
52 Week Low10.23
CS1 End15.14
CR1 Start15.22
Volume & EV
DER(3)6.16%
DER(5)5.54%
Volume6.62M
Volume Incr-32.05%
Vol(5)9.04M
Vol(50)12.60M