OVINTIV INC (OVV.CA) Stock Technical Analysis
Canada - TSX:OVV - US69047Q1022 - Common Stock
59.53 CAD
+0.02 (+0.03%)
We assign a technical rating of 7 out of 10 to OVV. OVV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OVV has a been trading in the 55.84 - 60.20 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 59% of them, which is more or less in line with the market.
OVV is part of the Oil, Gas & Consumable Fuels industry. There are 220 other stocks in this industry, OVV did better than 65% of them.
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.
OVV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 59.14, a Stop Loss order could be placed below this zone. 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
52.72
66.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 58.99 to 59.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 56.12 to 56.86. 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.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The long term trend for OVV.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVV.CA is up. |
| ChartMill Relative Strength | 59.57 | 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) | 58.86 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OVV.CA has a positive trend. |
| Stochastics (14,3) | 73.75 | NEUTRAL | The Stochastics value for OVV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.78 | 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)
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 |
|---|---|---|---|
| 60.21 | 58.98 | 1.23 (2.04%) | 25.00% |
| An entry @60.21. This is a Buy Stop order right above the 10 day high. | An exit @58.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.23 points, which is 2.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of OVV. Please evaluate whether better entry and exit points can be found.
- 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 (9/25/2025, 7:00:00 PM)
59.53
+0.02 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.03%
1 Week2.71%
2 Weeks1.6%
1 Month4.09%
3 Month13.02%
6 Month-1.52%
12 Month14.77%
2 Year-7.83%
3 Year-6.37%
5 Year446.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%3.03%
ATR Inc-17.51%
Range Today0.84
ADR(20)1.68
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.57
Mansfield-0.48
10 Day High60.2
10 Day Low55.84
20 Day High60.2
20 Day Low55.84
52 Week High66.67
52 Week Low42.35
CS1 End59.14
CR1 Start65.74
Volume & EV
DER(3)2.15%
DER(5)2.87%
Volume85.84K
Volume Incr3.34%
Vol(5)155.83K
Vol(50)167.65K