OVINTIV INC (OVV.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:OVV - US69047Q1022 - Common Stock
We assign a technical rating of 4 out of 10 to OVV. In the past year, OVV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, OVV is a bad performer in the overall market: 84% of all stocks are doing better.
- OVV is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 68% of 211 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month OVV has a been trading in the 50.93 - 57.11 range, which is quite wide. It is currently trading near the high of this range.
- 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 only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 54.73, 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
49.88
3 important support areas can be observed.
- A support zone ranging from 52.73 to 54.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.84 to 51.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 50.38 to 50.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @57.05 from a trend line in the weekly time frame.
- Resistance @59.14 from a horizontal line in the daily time frame.
- 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.
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 | 16.7 | NEGATIVE | OVV.CA has a low relative strength, it was outperformed by 83.3% 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) | 53.9 | NEUTRAL | The RSI value for OVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests OVV.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.73 | NEUTRAL | The Stochastics value for OVV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.86 | NEUTRAL | The ADX value for OVV.CA suggests a possible start of a new trend. |
TSX:OVV (1/16/2026, 7:00:00 PM)
55.23
-0.31 (-0.56%)
OVINTIV INC / OVV.CA FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to OVV.CA.
Can you provide the trend direction for OVINTIV INC?
The current trend direction for OVINTIV INC (OVV.CA) is Bearish.
Can you provide the RSI signal for OVINTIV INC?
OVINTIV INC (OVV.CA) has an RSI value of 53.9016. 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.