OVINTIV INC (OVV.CA) Stock Technical Analysis
TSX:OVV - Toronto Stock Exchange - US69047Q1022 - Common Stock - Currency: CAD
Overall OVV gets a technical rating of 5 out of 10. OVV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, OVV is a bad performer in the overall market: 65% of all stocks are doing better.
In the last month OVV has a been trading in the 51.82 - 57.54 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
OVV is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 207 stocks in the same industry.
OVV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OVV is lagging the market.
Volume is considerably higher in the last couple of days.
OVV has an average technical rating and it also does not offer a high quality setup 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
51.33
66.40
3 important support areas can be observed.
- Support @56.52 from a trend line in the daily time frame.
- A support zone ranging from 53.51 to 54.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 57.05 to 57.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.65 from a trend line in the daily time frame.
- Resistance @60.30 from a trend line in the weekly time frame.
- Resistance @65.74 from a horizontal line in the weekly 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 OVV.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OVV.CA is neutral. |
| ChartMill Relative Strength | 35.52 | NEUTRAL | OVV.CA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of OVV.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.8 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests OVV.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.92 | NEUTRAL | The Stochastics value for OVV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for OVV.CA 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)
TSX:OVV (7/25/2025, 7:00:00 PM)
56.76
+2.22 (+4.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.07%
1 Week3.22%
2 Weeks-1.05%
1 Month7.36%
3 Month18.1%
6 Month-11.89%
12 Month-10.49%
2 Year-6.61%
3 Year-13.08%
5 Year337.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.66
ATR(20)%2.69%
ATR Inc40.43%
Range Today1.74
ADR(20)1.39
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.52
Mansfield-0.86
10 Day High57.49
10 Day Low52.73
20 Day High57.54
20 Day Low51.82
52 Week High66.69
52 Week Low42.35
CS1 End56.52
CR1 Start57.05
Volume & EV
DER(3)0%
DER(5)0%
Volume503.01K
Volume Incr94.49%
Vol(5)274.64K
Vol(50)159.98K