CENOVUS ENERGY INC - CVECN 4.591 PERP (CVE-PR-E.CA) Stock Technical Analysis
TSX:CVE-PR-E - Toronto Stock Exchange - CA15135U7033 - Currency: CAD
Taking everything into account, CVE-PR-E scores 7 out of 10 in our technical rating. Although CVE-PR-E is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CVE-PR-E has an average volume of 17667 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!
CVE-PR-E 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.
When comparing the performance of all stocks over the past year, CVE-PR-E turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
CVE-PR-E is part of the Oil, Gas & Consumable Fuels industry. There are 219 other stocks in this industry, CVE-PR-E did better than 67% of them.
In the last month CVE-PR-E has a been trading in a tight range between 24.72 and 25.25.
Volume is considerably higher in the last couple of days.
CVE-PR-E has an excellent technical rating, but the quality of the setup is only medium 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
22.97
25.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.78 to 25.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.85 to 24.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 23.20 to 23.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.24 to 25.24. This zone is formed by a combination of multiple trend lines 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
CRS53.38
Mansfield0.07
10 Day High25.25
10 Day Low24.95
20 Day High25.25
20 Day Low24.72
52 Week High25.25
52 Week Low23.05
Performance
1 Week0.12%
2 Weeks1.14%
1 Month1.53%
3 Month1.53%
6 Month4.26%
12 Month6.91%
2 Year25.65%
3 Year3.02%
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)0.03
RSI(14)69.75
LBB24.79
UBB25.34
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 |
|---|---|---|---|
| 25.25 | 24.94 | 0.31 (1.23%) | 25.00% |
| An entry @25.25. This is a Buy Stop order right above the resistance zone. | An exit @24.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 1.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- 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 4.591 PERP
TSX:CVE-PR-E (3/7/2025, 7:00:00 PM)
25.23
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week0.12%
2 Weeks1.14%
1 Month1.53%
3 Month1.53%
6 Month4.26%
12 Month6.91%
2 Year25.65%
3 Year3.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.27%
ATR Inc-72.82%
Range Today0.01
ADR(20)0.04
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.38
Mansfield0.07
10 Day High25.25
10 Day Low24.95
20 Day High25.25
20 Day Low24.72
52 Week High25.25
52 Week Low23.05
CS1 End25.17
CR1 Start25.24
Volume & EV
DER(3)0%
DER(5)0.09%
Volume16.30K
Volume Incr418.74%
Vol(5)73.44K
Vol(50)17.67K