OVINTIV INC (OVV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OVV - US69047Q1022 - Common Stock
40.96 USD
+0.51 (+1.26%)
40.9 USD
-0.06 (-0.15%)
We assign a technical rating of 4 out of 10 to OVV. OVV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, OVV is a bad performer in the overall market: 71% of all stocks are doing better.
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 35.47 - 41.13 range, which is quite wide. It is currently trading near the high of this range.
OVV has an average volume of 3351500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OVV is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 42% of 209 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OVV has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
35.31
43.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 38.69 to 39.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.84 from a horizontal line in the daily time frame.
- A support zone ranging from 36.68 to 37.01. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.76 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 | UP | POSITIVE | The short term trend for OVV is up. |
| ChartMill Relative Strength | 29.51 | NEGATIVE | OVV has a low relative strength, it was outperformed by 70.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OVV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OVV is above a declining 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) | 62.71 | NEUTRAL | The RSI value for OVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests OVV has a positive trend. |
| Stochastics (14,3) | 80.21 | OVERBOUGHT | The high Stochastics value suggests OVV may be overbought. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 22.12 | NEUTRAL | The ADX value for OVV suggests a possible start of a new 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)
40.96
+0.51 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.26%
1 Week6.22%
2 Weeks5.54%
1 Month11.03%
3 Month-2.75%
6 Month14.35%
12 Month-9.82%
2 Year-7.62%
3 Year-26.54%
5 Year221%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%3.41%
ATR Inc-0.57%
Range Today0.86
ADR(20)1.36
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.51
3 months CRS32.21
6 months CRS69.25
Mansfield-0.8
10 Day High41.13
10 Day Low37.67
20 Day High41.13
20 Day Low35.47
52 Week High46.35
52 Week Low29.8
CS1 End39.76
CR1 Start41.76
Volume & EV
DER(3)-0.09%
DER(5)1.33%
Volume1.14M
Volume Incr-35.25%
Vol(5)2.51M
Vol(50)3.35M
OVINTIV INC / OVV FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV) stock?
ChartMill assigns a technical rating of 4 / 10 to OVV.
What is the current trend direction of OVINTIV INC (OVV) stock?
The current trend direction for OVINTIV INC (OVV) is Bearish.
What is the RSI signal for OVV stock?
OVINTIV INC (OVV) has an RSI value of 62.7076. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OVINTIV INC?
The MACD indicator for OVINTIV INC (OVV) has a value of 0.276355, indicating a bearish trend.