OVINTIV INC (OVV.CA) Stock Technical Analysis
TSX:OVV - Toronto Stock Exchange - US69047Q1022 - Common Stock - Currency: CAD
Overall OVV gets a technical rating of 1 out of 10. OVV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
88% of all other stocks performed better in the past year than OVV.
OVV is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 69% of 211 stocks in the same industry do better.
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.
In the last month OVV has a been trading in the 45.48 - 55.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
OVV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for OVV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
43.82
66.40
2 important support areas can be observed.
- Support @49.14 from a trend line in the daily time frame.
- Support @44.26 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 51.02 to 52.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.84 from a horizontal line in the daily time frame.
- Resistance @61.01 from a trend line in the daily time frame.
- A resistance zone ranging from 62.04 to 62.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for OVV.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OVV.CA is neutral. |
| ChartMill Relative Strength | 12.98 | NEGATIVE | OVV.CA has a low relative strength, it was outperformed by 87.02% 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) | DOWN | NEGATIVE | The current price of OVV.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OVV.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests OVV.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.95 | NEUTRAL | The Stochastics value for OVV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.47 | 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 (5/28/2025, 7:00:00 PM)
50.43
-0.09 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.18%
1 Week1.22%
2 Weeks-8.02%
1 Month5.35%
3 Month-19.77%
6 Month-20.97%
12 Month-28.37%
2 Year12.39%
3 Year-28.85%
5 Year385.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%3.7%
ATR Inc-20.41%
Range Today1.15
ADR(20)1.55
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.98
Mansfield-1.57
10 Day High55.01
10 Day Low48.41
20 Day High55.28
20 Day Low45.48
52 Week High70.12
52 Week Low42.35
CS1 End49.14
CR1 Start51.02
Volume & EV
DER(3)7.79%
DER(5)6.25%
Volume104.76K
Volume Incr-12.23%
Vol(5)136.56K
Vol(50)213.97K