OVINTIV INC (OVV.CA) Stock Technical Analysis
TSX:OVV - Toronto Stock Exchange - US69047Q1022 - Common Stock - Currency: CAD
Taking everything into account, OVV scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. OVV was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, OVV is a bad performer in the overall market: 78% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OVV has a been trading in the 48.73 - 57.75 range, which is quite wide. It is currently trading near the high of this range.
OVV is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 214 stocks in the same industry.
OVV 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 OVV is lagging the market slightly.
OVV 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
48.66
66.40
2 important support areas can be observed.
- Support @51.73 from a trend line in the daily time frame.
- A support zone ranging from 49.15 to 49.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 57.06 to 57.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @60.03 from a trend line in the daily time frame.
- Resistance @61.39 from a trend line in the weekly time frame.
- A resistance zone ranging from 65.26 to 65.74. 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 | NEUTRAL | NEUTRAL | The long term trend for OVV.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVV.CA is up. |
| ChartMill Relative Strength | 22.58 | NEGATIVE | OVV.CA has a low relative strength, it was outperformed by 77.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OVV.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OVV.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OVV.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.64 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests OVV.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.46 | OVERBOUGHT | The high Stochastics value suggests OVV.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.63 | POSITIVE | The high ADX value value for OVV.CA 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)
TSX:OVV (6/20/2025, 7:00:00 PM)
57.05
+0.22 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.39%
1 Week0.33%
2 Weeks9.12%
1 Month15.93%
3 Month-4.28%
6 Month5.03%
12 Month-9.52%
2 Year13.15%
3 Year0.19%
5 Year341.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.66
ATR(20)%2.8%
ATR Inc-50.67%
Range Today0.94
ADR(20)1.46
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.58
Mansfield-0.42
10 Day High57.75
10 Day Low52.42
20 Day High57.75
20 Day Low48.73
52 Week High67.71
52 Week Low42.35
CS1 End51.73
CR1 Start57.06
Volume & EV
DER(3)0%
DER(5)0%
Volume132.42K
Volume Incr-23.8%
Vol(5)121.59K
Vol(50)167.75K