CENOVUS ENERGY INC (CVE) Stock Technical Analysis
NYSE:CVE - New York Stock Exchange, Inc. - CA15135U1093 - Common Stock - Currency: USD
Taking everything into account, CVE scores 7 out of 10 in our technical rating. In the last year, CVE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 13053800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CVE turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
CVE is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, CVE did better than 59% of them.
CVE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CVE is lagging the market slightly.
In the last month CVE has a been trading in the 13.86 - 15.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CVE has an excellent technical rating, it does not present a decent entry opportunity 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
15.83
2 important support areas can be observed.
- A support zone ranging from 14.47 to 14.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
We found 1 important resistance area.
- Resistance @15.67 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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVE is up. |
| ChartMill Relative Strength | 55.01 | NEUTRAL | CVE is not amongst the best or worst performers 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) | 65.25 | NEUTRAL | The RSI value for CVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CVE has a positive trend. |
| Stochastics (14,3) | 86.68 | OVERBOUGHT | The high Stochastics value suggests CVE may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for CVE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.55 | 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)
14.83
-0.4 (-2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.63%
1 Week5.91%
2 Weeks8.48%
1 Month6.88%
3 Month26.5%
6 Month5.25%
12 Month-14.82%
2 Year-19.93%
3 Year-20.18%
5 Year241.48%
10 Year4.46%
15 Year-45.99%
Volatility
ATR(14)0.38
ATR(20)%2.55%
ATR Inc48.97%
Range Today0.54
ADR(20)0.38
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.01
Mansfield-0.66
10 Day High15.64
10 Day Low13.99
20 Day High15.64
20 Day Low13.86
52 Week High20.04
52 Week Low10.23
CS1 End14.64
CR1 Start15.67
Volume & EV
DER(3)1.27%
DER(5)2.41%
Volume15.64M
Volume Incr49.85%
Vol(5)16.08M
Vol(50)13.05M