CENOVUS ENERGY INC (CVE)
CA15135U1093 - Common Stock
We assign a technical rating of 0 out of 10 to CVE. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than CVE.
CVE is part of the Oil, Gas & Consumable Fuels industry. There are 204 other stocks in this industry, of which 66% are performing better than CVE.
CVE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CVE has an average volume of 8459330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CVE has a been trading in the 15.27 - 16.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 16.73. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CVE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.51
21.30
We found 1 important support area.
- Support @15.67 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.73 to 17.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.27 to 18.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.68 from a trend line in the daily time frame.
- Resistance @21.09 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
CRS18.88
Mansfield-2.05
10 Day High16.42
10 Day Low15.27
20 Day High16.97
20 Day Low15.27
52 Week High21.9
52 Week Low14.69
Performance
1 Week3.66%
2 Weeks-0.12%
1 Month-3.23%
3 Month-15.17%
6 Month-20.43%
12 Month-8.55%
2 Year-18.75%
3 Year36.26%
5 Year81.78%
10 Year-26.88%
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)46.84
LBB15.51
UBB16.44
CENOVUS ENERGY INC
NYSE:CVE (11/21/2024, 1:02:03 PM)
16.259
+0.1 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.61%
1 Week3.66%
2 Weeks-0.12%
1 Month-3.23%
3 Month-15.17%
6 Month-20.43%
12 Month-8.55%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.42
ATR(20)%2.71%
ATR Inc
Range Today0.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High16.42
10 Day Low15.27
20 Day High16.97
20 Day Low15.27
52 Week High21.9
52 Week Low14.69
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.70M
Volume Incr17.82%
Vol(5)9.01M
Vol(50)8.46M