Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
grade D 8.56 -0.93% -0.08
CVE closed down 0.93 percent on Monday, May 20, 2019, on 58 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical CVE trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish -0.93%
NR7 Range Contraction -0.93%
Down 3 Days in a Row Weakness -0.93%
Oversold Stochastic Weakness -0.93%

Older signals for CVE ...

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Profile
Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. The company's Oil Sands segment is involved in the development and production of bitumen assets at Foster Creek, Christina Lake, and Narrows Lake; heavy oil assets at Pelican Lake; the Athabasca natural gas assets; and projects in the early stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment develops and produces conventional crude oil, natural gas, and NGLs in Alberta and Saskatchewan. As of December 31, 2012, this segment had an established land position of approximately 4.7 million net acres, of which approximately 3.0 million net acres were developed. The company's Refining and Marketing segment refines crude oil products into petroleum and chemical products; and markets crude oil and natural gas, as well as engages in the purchase and sale of third-party products. Cenovus Energy Inc. is headquartered in Calgary, Canada.
Chemistry Natural Gas Oil Petroleum Industry Crude Oil Petroleum Natural Gas Liquids Nature S&P/Tsx 60 Index Petroleum Industry In Canada Chemical Products Petroleum Geology Unconventional Oil Asphalt Oil Sands Markets Crude Oil Natural Gas Assets Conventional Crude Oil Canadian Petroleum Companies Crude Oil Products
Is CVE a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 11.47
52 Week Low 6.15
Average Volume 4,924,512
200-Day Moving Average 8.7074
50-Day Moving Average 9.2432
20-Day Moving Average 9.2815
10-Day Moving Average 8.835
Average True Range 0.2932
ADX 23.98
+DI 14.2474
-DI 25.8013
Chandelier Exit (Long, 3 ATRs ) 9.7204
Chandelier Exit (Short, 3 ATRs ) 9.4146
Upper Bollinger Band 10.436
Lower Bollinger Band 8.127
Percent B (%b) 0.19
BandWidth 24.877444
MACD Line -0.2199
MACD Signal Line -0.1285
MACD Histogram -0.0915
Fundamentals Value
Market Cap 10.52 Billion
Num Shares 1.23 Billion
EPS 2.45
Price-to-Earnings (P/E) Ratio 3.49
Price-to-Sales 0.94
Price-to-Book 0.71
PEG Ratio 0.45
Dividend 0.16
Dividend Yield 1.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.73
Resistance 3 (R3) 8.74 8.70 8.70
Resistance 2 (R2) 8.70 8.65 8.69 8.69
Resistance 1 (R1) 8.63 8.63 8.61 8.62 8.68
Pivot Point 8.58 8.58 8.57 8.58 8.58
Support 1 (S1) 8.51 8.54 8.49 8.50 8.44
Support 2 (S2) 8.47 8.51 8.46 8.43
Support 3 (S3) 8.40 8.47 8.42
Support 4 (S4) 8.39