Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
B 19.86 0.51% 0.10
CVE closed down 3.14 percent on Monday, January 30, 2023, on approximately normal volume.
Earnings due: Feb 16
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup -0.99%
Upper Bollinger Band Walk Strength -0.99%
Multiple of Ten Bearish Other -0.99%
Upper Bollinger Band Touch Strength -0.99%
Gapped Down Weakness -0.99%
Shooting Star Candlestick Bearish -4.09%
Stochastic Reached Overbought Strength -4.09%
BB Squeeze Ended Range Expansion -4.09%
Above Upper BB Strength -4.09%
Overbought Stochastic Strength -4.09%

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Alert Time
60 Minute Opening Range Breakout 3 minutes ago
10 DMA Support 29 minutes ago
Fell Below Previous Day's Low about 1 hour ago
Down 1% about 1 hour ago
60 Minute Opening Range Breakdown about 22 hours ago

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Cenovus Energy Inc Description

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.


Sector: Energy
Industry: Oil & Gas Integrated
Keywords: Natural Gas Petroleum Industry Crude Oil Petroleum Natural Gas Liquids Chemical Product S&P/Tsx 60 Index Integrated Oil Oil Products Oil Sands Asphalt Grand Rapids Markets Crude Oil Conventional Crude Oil Heavy Oil Party Products Canadian Petroleum Companies Crude Oil Products Natural Gas Assets

Is CVE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 24.91
52 Week Low 14.06
Average Volume 5,797,760
200-Day Moving Average 19.03
50-Day Moving Average 19.12
20-Day Moving Average 19.06
10-Day Moving Average 19.33
Average True Range 0.76
RSI 55.56
ADX 12.9
+DI 28.06
-DI 21.16
Chandelier Exit (Long, 3 ATRs) 18.78
Chandelier Exit (Short, 3 ATRs) 20.06
Upper Bollinger Bands 20.21
Lower Bollinger Band 17.91
Percent B (%b) 0.8
BandWidth 12.05
MACD Line 0.23
MACD Signal Line 0.09
MACD Histogram 0.1429
Fundamentals Value
Market Cap 24.28 Billion
Num Shares 1.23 Billion
EPS -0.42
Price-to-Earnings (P/E) Ratio -46.60
Price-to-Sales 0.56
Price-to-Book 0.50
PEG Ratio 0.45
Dividend 0.18
Dividend Yield 0.91%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.71
Resistance 3 (R3) 20.82 20.60 20.55
Resistance 2 (R2) 20.60 20.36 20.55 20.50
Resistance 1 (R1) 20.18 20.21 20.07 20.08 20.45
Pivot Point 19.97 19.97 19.91 19.91 19.97
Support 1 (S1) 19.55 19.72 19.44 19.44 19.07
Support 2 (S2) 19.33 19.57 19.28 19.02
Support 3 (S3) 18.91 19.33 18.97
Support 4 (S4) 18.81