OVINTIV INC (OVV) Stock Technical Analysis
USA - NYSE:OVV - US69047Q1022 - Common Stock
40.12 USD
+0.56 (+1.42%)
39.69 USD
-0.43 (-1.07%)
Overall OVV gets a technical rating of 2 out of 10. OVV performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, OVV is a bad performer in the overall market: 75% of all stocks are doing better.
In the last month OVV has a been trading in the 39.27 - 44.12 range, which is quite wide. It is currently trading near the lows of this range.
OVV has an average volume of 3033060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
OVV is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, OVV did better than 49% 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.
Although the technical rating is bad, OVV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 38.91, a Stop Loss order could be placed below this zone.
More info and screens
37.62
43.61
When analyzing the support we notice one important area.
- A support zone ranging from 38.00 to 38.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 40.83 to 41.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for OVV is down. |
| ChartMill Relative Strength | 25.49 | NEGATIVE | OVV has a low relative strength, it was outperformed by 74.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OVV is below 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 | MIXED | The current price of OVV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.29 | NEUTRAL | The RSI value for OVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests OVV has a negative trend. |
| Stochastics (14,3) | 14.98 | OVERSOLD | The low Stochastics value suggests OVV may be oversold. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 13.73 | 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)
40.12
+0.56 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.42%
1 Week-7.07%
2 Weeks-2.74%
1 Month-2.36%
3 Month0.5%
6 Month21.8%
12 Month-7.83%
2 Year-16.42%
3 Year-20.79%
5 Year336.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%3.39%
ATR Inc-21.26%
Range Today0.75
ADR(20)1.23
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.49
Mansfield-1.12
10 Day High44.12
10 Day Low39.27
20 Day High44.12
20 Day Low39.27
52 Week High47.18
52 Week Low29.8
CS1 End38.91
CR1 Start40.83
Volume & EV
DER(3)-1.38%
DER(5)-1.16%
Volume2.62M
Volume Incr8.62%
Vol(5)3.15M
Vol(50)3.03M