CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Technical Analysis
TSX:CVE-PR-A - Toronto Stock Exchange - CA15135U3073 - Currency: CAD
Taking everything into account, CVE-PR-A scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CVE-PR-A has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: CVE-PR-A has an average volume of 16868 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CVE-PR-A did better than 86% of all other stocks. On top of that, CVE-PR-A also shows a nice and consistent pattern of rising prices.
CVE-PR-A is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 219 stocks in the same industry.
CVE-PR-A is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month CVE-PR-A has a been trading in a tight range between 22.12 and 22.90.
Considerably lower volume is observed in the last couple of days.
CVE-PR-A has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.69, a Stop Loss order could be placed below this zone.
More info and screens
17.24
23.13
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.53 to 22.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.76 to 21.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.25 from a trend line in the daily time frame.
- A support zone ranging from 17.41 to 17.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.71 to 22.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.34
Mansfield1.83
10 Day High22.9
10 Day Low22.47
20 Day High22.9
20 Day Low22.12
52 Week High22.95
52 Week Low15.2
Performance
1 Week-0.87%
2 Weeks0.53%
1 Month1.43%
3 Month8.2%
6 Month25.48%
12 Month49.93%
2 Year64.49%
3 Year32.52%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)56.91
LBB22.43
UBB22.9
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.72 | 22.52 | 0.20 (0.88%) | 25.00% |
| An entry @22.72. This is a Buy Stop order right above the 10 day moving average. | An exit @22.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 0.88%. | For a 0.22% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVE-PR-A. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (3/7/2025, 7:00:00 PM)
22.7
+0.03 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.13%
1 Week-0.87%
2 Weeks0.53%
1 Month1.43%
3 Month8.2%
6 Month25.48%
12 Month49.93%
2 Year64.49%
3 Year32.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.68%
ATR Inc-80.09%
Range Today0
ADR(20)0.09
ADR(20)%0.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.34
Mansfield1.83
10 Day High22.9
10 Day Low22.47
20 Day High22.9
20 Day Low22.12
52 Week High22.95
52 Week Low15.2
CS1 End22.69
CR1 Start22.71
Volume & EV
DER(3)-52.28%
DER(5)-31.63%
Volume100
Volume Incr-90.55%
Vol(5)1.92K
Vol(50)16.87K