CENOVUS ENERGY INC (CVE) Stock Technical Analysis
NYSE:CVE - New York Stock Exchange, Inc. - CA15135U1093 - Common Stock - Currency: USD
Taking everything into account, CVE scores 0 out of 10 in our technical rating. CVE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
76% of all other stocks performed better in the past year than CVE.
CVE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CVE has an average volume of 9123530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVE is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, CVE did better than 40% of them.
In the last month CVE has a been trading in the 13.76 - 15.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
13.96
21.30
When analyzing the support we can see 2 important areas.
- Support @14.41 from a horizontal line in the weekly time frame.
- Support @14.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.14 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.90 from a horizontal 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
CRS24.91
Mansfield-2.34
10 Day High15.27
10 Day Low13.76
20 Day High15.95
20 Day Low13.76
52 Week High21.9
52 Week Low13.76
Performance
1 Week2.67%
2 Weeks-0.07%
1 Month-2.35%
3 Month-7.01%
6 Month-18.63%
12 Month-7.7%
2 Year-18.76%
3 Year-4.59%
5 Year103.26%
10 Year-13.36%
15 Year-38.86%
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)-0.02
RSI(14)50.63
LBB14.3
UBB15.35
CENOVUS ENERGY INC
NYSE:CVE (2/4/2025, 8:04:00 PM)
After market: 15.06 +0.08 (+0.53%)14.98
+0.87 (+6.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg6.17%
1 Week2.67%
2 Weeks-0.07%
1 Month-2.35%
3 Month-7.01%
6 Month-18.63%
12 Month-7.7%
2 Year-18.76%
3 Year-4.59%
5 Year103.26%
10 Year-13.36%
15 Year-38.86%
Volatility
ATR(14)0.51
ATR(20)%3.38%
ATR Inc79.98%
Range Today0.96
ADR(20)0.48
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.91
Mansfield-2.34
10 Day High15.27
10 Day Low13.76
20 Day High15.95
20 Day Low13.76
52 Week High21.9
52 Week Low13.76
CS1 End14.41
CR1 Start15.14
Volume & EV
DER(3)0.27%
DER(5)0.65%
Volume12.84M
Volume Incr50.76%
Vol(5)14.58M
Vol(50)9.12M