CENOVUS ENERGY INC (CVE) Stock Technical Analysis
NYSE:CVE - New York Stock Exchange, Inc. - CA15135U1093 - Common Stock - Currency: USD
Overall CVE gets a technical rating of 5 out of 10. In the past year, CVE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
77% of all other stocks performed better in the past year than CVE.
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.
In the last month CVE has a been trading in the 12.88 - 14.41 range, which is quite wide. It is currently trading near the high of this range.
CVE has an average volume of 12256100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVE is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 213 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CVE has an average technical rating and the quality of the presented setup is also not ideal 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
16.06
When analyzing the support we notice one important area.
- A support zone ranging from 12.97 to 13.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 14.33 to 14.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.82 from a trend line in the daily time frame.
- A resistance zone ranging from 15.67 to 15.90. This zone is formed by a combination of multiple trend lines 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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE is up. |
| ChartMill Relative Strength | 23.24 | NEGATIVE | CVE has a low relative strength, it was outperformed by 76.76% 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 | NEGATIVE | The current price of CVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.62 | NEUTRAL | The RSI value for CVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CVE has a positive trend. |
| Stochastics (14,3) | 90.53 | OVERBOUGHT | The high Stochastics value suggests CVE may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.84 | NEGATIVE | The low ADX value for CVE 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)
NYSE:CVE (6/12/2025, 12:43:07 PM)
14.3
-0.02 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.14%
1 Week10.32%
2 Weeks6.79%
1 Month2.8%
3 Month6.15%
6 Month-6.1%
12 Month-21.49%
2 Year-15.67%
3 Year-24.67%
5 Year206.64%
10 Year-10.56%
15 Year-44.47%
Volatility
ATR(14)0.44
ATR(20)%2.96%
ATR Inc16.96%
Range Today0.29
ADR(20)0.4
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.24
Mansfield-1.31
10 Day High14.41
10 Day Low12.88
20 Day High14.41
20 Day Low12.88
52 Week High20.76
52 Week Low10.23
CS1 End13.55
CR1 Start14.33
Volume & EV
DER(3)6.21%
DER(5)6.87%
Volume6.84M
Volume Incr-5.64%
Vol(5)12.61M
Vol(50)12.26M