OVINTIV INC (OVV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OVV - US69047Q1022 - Common Stock
Taking everything into account, OVV scores 0 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.
The technical rating of OVV is bad and it also does not present a quality setup 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 36.86 to 37.03. 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 the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.49 to 40.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.94 to 42.91. 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 | 28.49 | NEGATIVE | OVV has a low relative strength, it was outperformed by 71.51% 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) | DOWN | NEGATIVE | The current price of OVV is below a declining 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) | 39.88 | NEUTRAL | The RSI value for OVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests OVV has a negative trend. |
| Stochastics (14,3) | 11.22 | OVERSOLD | The low Stochastics value suggests OVV may be oversold. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.67 | POSITIVE | The high ADX value value for OVV suggests a strong trend. |
37.39
+0.28 (+0.75%)
OVINTIV INC / OVV FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV) stock?
ChartMill assigns a technical rating of 0 / 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 39.8808. 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 -0.549588, indicating a bearish trend.