OVINTIV INC (OVV) Stock Technical Analysis
NYSE:OVV - US69047Q1022 - Common Stock
We assign a technical rating of 0 out of 10 to OVV. 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.
OVV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.23, a Stop Loss order could be placed below this zone.
More info and screens
37.62
We found 1 important support area.
- A support zone ranging from 38.00 to 40.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @40.73 from a trend line in the weekly time frame.
- A resistance zone ranging from 41.95 to 44.14. 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 | 35.85 | NEUTRAL | OVV is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of OVV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OVV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.27 | NEUTRAL | The RSI value for OVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests OVV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.61 | NEUTRAL | The Stochastics value for OVV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 8.21 | NEGATIVE | The low ADX value for OVV suggests a weak or negative trend. |
NYSE:OVV (8/22/2025, 2:16:05 PM)
40.44
+1.2 (+3.06%)