OVINTIV INC (OVV.CA) Stock Technical Analysis
TSX:OVV - US69047Q1022 - Common Stock
58.84 CAD
+1.83 (+3.21%)
We assign a technical rating of 8 out of 10 to OVV. Although OVV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month OVV has a been trading in the 52.73 - 59.05 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, OVV outperforms 52% of them, which is more or less in line with the market.
OVV is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 62% of 215 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.
Although OVV 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
52.72
66.84
2 important support areas can be observed.
- A support zone ranging from 54.38 to 55.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.25 to 53.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- Resistance @58.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 65.74 to 66.18. 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 | UP | POSITIVE | The long term trend for OVV.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVV.CA is up. |
| ChartMill Relative Strength | 52.75 | 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) | 60.8 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests OVV.CA has a positive trend. |
| Stochastics (14,3) | 87.97 | OVERBOUGHT | The high Stochastics value suggests OVV.CA may be overbought. |
| 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) | 17.1 | 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 (9/4/2025, 7:00:00 PM)
58.84
+1.83 (+3.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.21%
1 Week2.89%
2 Weeks8.78%
1 Month8.24%
3 Month12.55%
6 Month6.11%
12 Month7.65%
2 Year-8.9%
3 Year-7.46%
5 Year440.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%2.69%
ATR Inc73.11%
Range Today2.43
ADR(20)1.54
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.75
Mansfield-0.5
10 Day High59.05
10 Day Low53.76
20 Day High59.05
20 Day Low52.73
52 Week High66.67
52 Week Low42.35
CS1 End55.74
CR1 Start58.99
Volume & EV
DER(3)2.3%
DER(5)3.98%
Volume210.86K
Volume Incr-4.34%
Vol(5)147.40K
Vol(50)157.69K