Technical Analysis for OVV - Ovintiv Inc. (DE)
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 51.43 | 0.70% | 0.36 |
OVV closed up 0.67 percent on Thursday, May 2, 2024, on 68 percent of normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 7
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.70% | |
| Stochastic Reached Oversold | Weakness | 0.70% | |
| Gapped Up | Strength | 0.70% | |
| Oversold Stochastic | Weakness | 0.70% | |
| Fell Below 50 DMA | Bearish | 1.38% | |
| Multiple of Ten Bullish | Other | 1.38% | |
| Lower Bollinger Band Touch | Weakness | 1.38% | |
| Fell Below 20 DMA | Bearish | 0.21% | |
| New Downtrend | Bearish | 0.21% | |
| Gapped Down | Weakness | 0.21% |
| Alert | Time |
|---|---|
| Rose Above 50 DMA | 6 minutes ago |
| 50 DMA Resistance | 17 minutes ago |
| Fell Below Previous Day's Low | 17 minutes ago |
| 60 Minute Opening Range Breakdown | about 22 hours ago |
| 50 DMA Resistance | about 24 hours ago |
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Basic chart:
- Earnings date: 05/07/2024
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets in Anadarko basin, located in west-central Oklahoma; the Permian basin located in the prolific, Midland Basin in Texas; and the Montney basin located in western Canada. It also holds positions in various plays, including the Bakken, Duvernay, Eagle Ford, and Uinta basins. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was founded in 1971 and is based in Denver, Colorado.
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Natural Gas Liquids S&P/Tsx 60 Index Permian Basin Bakken Anadarko Basin Western Canadian Sedimentary Basin Structural Basin Duvernay Formation
Classification
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Natural Gas Liquids S&P/Tsx 60 Index Permian Basin Bakken Anadarko Basin Western Canadian Sedimentary Basin Structural Basin Duvernay Formation
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 55.95 |
| 52 Week Low | 31.2108 |
| Average Volume | 3,244,386 |
| 200-Day Moving Average | 46.33 |
| 50-Day Moving Average | 51.29 |
| 20-Day Moving Average | 53.07 |
| 10-Day Moving Average | 52.29 |
| Average True Range | 1.19 |
| RSI (14) | 42.53 |
| ADX | 27.43 |
| +DI | 16.93 |
| -DI | 26.11 |
| Chandelier Exit (Long, 3 ATRs) | 52.38 |
| Chandelier Exit (Short, 3 ATRs) | 53.54 |
| Upper Bollinger Bands | 56.09 |
| Lower Bollinger Band | 50.04 |
| Percent B (%b) | 0.17 |
| BandWidth | 11.40 |
| MACD Line | 0.06 |
| MACD Signal Line | 0.47 |
| MACD Histogram | -0.4044 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 52.26 | ||||
| Resistance 3 (R3) | 52.32 | 51.99 | 52.06 | ||
| Resistance 2 (R2) | 51.99 | 51.69 | 51.96 | 51.99 | |
| Resistance 1 (R1) | 51.53 | 51.50 | 51.37 | 51.47 | 51.93 |
| Pivot Point | 51.20 | 51.20 | 51.12 | 51.17 | 51.20 |
| Support 1 (S1) | 50.74 | 50.90 | 50.58 | 50.68 | 50.21 |
| Support 2 (S2) | 50.41 | 50.71 | 50.38 | 50.15 | |
| Support 3 (S3) | 49.95 | 50.41 | 50.08 | ||
| Support 4 (S4) | 49.89 |
