OVINTIV INC (OVV.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:OVV - US69047Q1022 - Common Stock
Overall OVV gets a technical rating of 7 out of 10. Although OVV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
OVV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.67
4 important support areas can be observed.
- Support @53.25 from a horizontal line in the daily time frame.
- A support zone ranging from 51.83 to 52.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 50.38 to 50.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 57.85 to 59.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 60.17 to 60.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 25.9 | NEGATIVE | OVV.CA has a low relative strength, it was outperformed by 74.1% 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) | DOWN | MIXED | The current price of OVV.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.64 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OVV.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.21 | NEUTRAL | The Stochastics value for OVV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.55 | POSITIVE | The high ADX value value for OVV.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.15 | 56.34 | 2.81 (4.75%) | 21.05% |
| An entry @59.15. This is a Buy Stop order right above the resistance zone. | An exit @56.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.81 points, which is 4.75%. | When investing 21.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:OVV (12/10/2025, 7:00:00 PM)
57.46
+0.08 (+0.14%)
OVINTIV INC / OVV.CA FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to OVV.CA.
What is the current trend direction of OVINTIV INC (OVV.CA) stock?
The current trend direction for OVINTIV INC (OVV.CA) is Bullish.
What is the RSI signal for OVV stock?
OVINTIV INC (OVV.CA) has an RSI value of 56.6446. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OVINTIV INC?
The MACD indicator for OVINTIV INC (OVV.CA) has a value of 0.0563833, indicating a bearish trend.
What is the buy/sell signal for OVV stock?
The buy/sell signal for OVINTIV INC (OVV.CA) is buy as both the short term and long term trends are positive.