OVINTIV INC (OVV) Stock Technical Analysis
NYSE:OVV - New York Stock Exchange, Inc. - US69047Q1022 - Common Stock - Currency: USD
Taking everything into account, OVV scores 5 out of 10 in our technical rating. 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.
71% of all other stocks performed better in the past year than OVV.
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.
OVV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
OVV has an average volume of 3922410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OVV is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, OVV did better than 45% of them.
OVV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OVV is lagging the market slightly.
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.
More info and screens
35.30
47.19
When analyzing the support we notice one important area.
- A support zone ranging from 35.66 to 35.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @41.53 from a trend line in the daily time frame.
- Resistance @43.49 from a trend line in the daily time frame.
- Resistance @44.29 from a trend line in the weekly time frame.
- A resistance zone ranging from 46.71 to 46.72. 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 | 29.95 | NEGATIVE | OVV has a low relative strength, it was outperformed by 70.05% 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) | UP | POSITIVE | The current price of OVV is above 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) | 66.24 | NEUTRAL | The RSI value for OVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests OVV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.67 | OVERBOUGHT | The high Stochastics value suggests OVV may be overbought. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.24 | POSITIVE | The high ADX value value for OVV suggests a strong 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)
41.5
+0.28 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.68%
1 Week2.39%
2 Weeks11.98%
1 Month15.53%
3 Month0.1%
6 Month9.85%
12 Month-9.88%
2 Year9.01%
3 Year-6.09%
5 Year334.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%2.92%
ATR Inc-30.59%
Range Today0.68
ADR(20)1.14
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.95
Mansfield-0.27
10 Day High42.27
10 Day Low37.37
20 Day High42.27
20 Day Low34.88
52 Week High49.57
52 Week Low29.8
CS1 End35.81
CR1 Start41.53
Volume & EV
DER(3)-3.1%
DER(5)-2.15%
Volume3.03M
Volume Incr-24.83%
Vol(5)3.40M
Vol(50)3.92M