OVINTIV INC (OVV.CA) Stock Technical Analysis
TSX:OVV • US69047Q1022
We assign a technical rating of 8 out of 10 to OVV. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OVV is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- OVV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- OVV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, OVV turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- OVV is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 54% of 212 stocks in the same industry.
Besides having an excellent technical rating, OVV also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
49.89
We found 5 important support areas.
- A support zone ranging from 67.46 to 67.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @55.05 from a horizontal line in the daily time frame.
- A support zone ranging from 53.25 to 53.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 51.79 to 51.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @50.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.16 to 69.64. 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 | 55.74 | 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) | UP | POSITIVE | The current price of OVV.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.86 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests OVV.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.3 | NEUTRAL | The Stochastics value for OVV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.51 | POSITIVE | The high ADX value value for OVV.CA suggests a strong trend. |
TSX:OVV (2/27/2026, 7:00:00 PM)
68.84
+1.23 (+1.82%)
OVINTIV INC / OVV.CA FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to OVV.CA.
Can you provide the trend direction for OVINTIV INC?
The current trend direction for OVINTIV INC (OVV.CA) is Bullish.
Can you provide the RSI signal for OVINTIV INC?
OVINTIV INC (OVV.CA) has an RSI value of 66.8594. This indicates that the stock is currently neutral.
What is the short term momentum for OVV stock?
The short term momentum for OVINTIV INC (OVV.CA) is positive.
What is the buy/sell signal for OVINTIV INC (OVV.CA) stock?
The buy/sell signal for OVINTIV INC (OVV.CA) is buy as both the short term and long term trends are positive.