OVINTIV INC (OVV) Technical Analysis
NYSE:OVV • US69047Q1022
Current stock price
OVV Technical Rating and Analysis
Overall OVV gets a technical rating of 9 out of 10. Both in the recent history as in the last year, OVV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- OVV is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. OVV outperforms 70% of them.
- OVV is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OVV is leading the market.
- In the last month OVV has a been trading in the 47.95 - 58.00 range, which is quite wide. It is currently trading near the high of this range.
- OVV has an average volume of 5323470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that OVV is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
OVV Weekly and Daily overview Charts
OVV Setup Rating and Analysis
Although OVV has an excellent technical rating, it does not present a decent entry opportunity 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
OVV Support and Resistance Analysis
35.61
When analyzing the support we can see 4 important areas.
- Support @49.32 from a horizontal line in the daily time frame.
- Support @38.57 from a trend line in the weekly time frame.
- Support @37.90 from a trend line in the daily time frame.
- Support @35.97 from a horizontal line in the daily time frame.
OVV Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for OVV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVV is up. |
| ChartMill Relative Strength | 92.55 | POSITIVE | OVV has a high relative strength, it outperformed 92.55% 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) | UP | POSITIVE | The current price of OVV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.3 | OVERBOUGHT | The high RSI value suggests OVV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OVV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.77 | OVERBOUGHT | The high Stochastics value suggests OVV may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for OVV suggests some volalility. |
| Average Directional Index/ADX (14) | 45.2 | POSITIVE | The high ADX value value for OVV suggests a strong trend. |
OVV Chart- and CandleStick Pattern Analysis
OVV Technicals: Chart, Performance Metrics, Trend & Indicators
56.97
-0.01 (-0.02%)
OVINTIV INC / OVV TA FAQ
What is the ChartMill technical rating of OVINTIV INC (OVV) stock?
ChartMill assigns a technical rating of 9 / 10 to OVV.
Can you provide the trend direction for OVINTIV INC?
The current trend direction for OVINTIV INC (OVV) is Bullish.
Can you provide the RSI signal for OVINTIV INC?
OVINTIV INC (OVV) has an RSI value of 75.2994. This indicates that the stock is currently overbought.
What is the short term momentum for OVV stock?
The short term momentum for OVINTIV INC (OVV) is positive.
What is the buy/sell signal for OVINTIV INC (OVV) stock?
The buy/sell signal for OVINTIV INC (OVV) is buy as both the short term and long term trends are positive.