CENOVUS ENERGY INC (CVE.CA) Stock Technical Analysis
TSX:CVE - Toronto Stock Exchange - CA15135U1093 - Common Stock - Currency: CAD
Taking everything into account, CVE scores 0 out of 10 in our technical rating. CVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CVE is a bad performer in the overall market: 83% of all stocks are doing better.
CVE is part of the Oil, Gas & Consumable Fuels industry. There are 221 other stocks in this industry, of which 62% are performing better than CVE.
CVE is currently trading near the lower end of its 52 week range, which is not a good sign. CVE is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month CVE has a been trading in the 17.43 - 22.41 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CVE has an average volume of 5099950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CVE is bad and it also does not present a quality setup 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
18.11
29.10
3 important resistance areas can be observed.
- A resistance zone ranging from 21.79 to 22.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @22.65 from a horizontal line in the daily time frame.
- Resistance @28.81 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.07
Mansfield-2.76
10 Day High20.99
10 Day Low17.43
20 Day High22.41
20 Day Low17.43
52 Week High29.96
52 Week Low17.43
Performance
1 Week-8.64%
2 Weeks-11.86%
1 Month-13.24%
3 Month-13.93%
6 Month-20.03%
12 Month-23.28%
2 Year-22.43%
3 Year-12.24%
5 Year544.01%
10 Year-14.33%
15 Year-31.06%
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)-0.3
RSI(14)31.39
LBB16.83
UBB22.8
TSX:CVE (3/7/2025, 7:00:00 PM)
18.29
+0.16 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.88%
1 Week-8.64%
2 Weeks-11.86%
1 Month-13.24%
3 Month-13.93%
6 Month-20.03%
12 Month-23.28%
2 Year-22.43%
3 Year-12.24%
5 Year544.01%
10 Year-14.33%
15 Year-31.06%
Volatility
ATR(14)0.75
ATR(20)%3.83%
ATR Inc23.68%
Range Today0.7
ADR(20)0.63
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.07
Mansfield-2.76
10 Day High20.99
10 Day Low17.43
20 Day High22.41
20 Day Low17.43
52 Week High29.96
52 Week Low17.43
CS1 EndN/A
CR1 Start21.79
Volume & EV
DER(3)-0.42%
DER(5)-1.57%
Volume7.79M
Volume Incr45.55%
Vol(5)7.77M
Vol(50)5.10M