OVINTIV INC (OVV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OVV - US69047Q1022 - Common Stock
38.67 USD
-0.01 (-0.03%)
38.67 USD
0 (0%)
Taking everything into account, OVV scores 2 out of 10 in our technical rating. OVV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, OVV is a bad performer in the overall market: 74% of all stocks are doing better.
In the last month OVV has a been trading in the 36.80 - 41.37 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OVV has an average volume of 3482980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
OVV is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 45% of 208 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 the technical rating is bad, OVV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 37.39, a Stop Loss order could be placed below this zone.
More info and screens
35.31
43.61
We found 2 important support areas.
- A support zone ranging from 36.64 to 37.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.67 to 35.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 38.69 to 39.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.03 from a trend line in the daily time frame.
- A resistance zone ranging from 41.53 to 41.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.91 to 43.18. 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 is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OVV is neutral. |
| ChartMill Relative Strength | 26.41 | NEGATIVE | OVV has a low relative strength, it was outperformed by 73.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OVV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OVV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OVV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.88 | NEUTRAL | The RSI value for OVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OVV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.1 | NEUTRAL | The Stochastics value for OVV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for OVV 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)
38.67
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.03%
1 Week-4.49%
2 Weeks1.63%
1 Month-7.18%
3 Month4.74%
6 Month-7.8%
12 Month-11.33%
2 Year-8.84%
3 Year-21.45%
5 Year145.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%3.44%
ATR Inc43.93%
Range Today0.81
ADR(20)1.21
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.41
3 months CRS60.77
6 months CRS22.79
Mansfield-1.28
10 Day High40.87
10 Day Low36.81
20 Day High41.37
20 Day Low36.81
52 Week High46.35
52 Week Low29.8
CS1 End37.39
CR1 Start38.69
Volume & EV
DER(3)-0.16%
DER(5)-1.18%
Volume2.67M
Volume Incr53.22%
Vol(5)4.52M
Vol(50)3.48M
OVINTIV INC / OVV FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV) stock?
ChartMill assigns a technical rating of 2 / 10 to OVV.
Can you provide the trend direction for OVINTIV INC?
The current trend direction for OVINTIV INC (OVV) is Bearish.
Can you provide the RSI signal for OVINTIV INC?
OVINTIV INC (OVV) has an RSI value of 48.8848. 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) is neutral.