Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
B 8.04 4.42% 0.34
CVE closed up 4.42 percent on Friday, May 14, 2021, on 1.32 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical CVE trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Cup with Handle Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Fell Below 20 DMA Bearish 4.42%
Fell Below 50 DMA Bearish 4.42%
MACD Bearish Signal Line Cross Bearish 4.42%
Spinning Top Other 4.42%
Bollinger Band Squeeze Range Contraction 4.42%
Older End-of-Day Signals for CVE ...

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Profile

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.


Classification

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

Indicators

Indicator Value
52 Week High 8.57
52 Week Low 3.15
Average Volume 8,340,868
200-Day Moving Average 5.84
50-Day Moving Average 7.84
20-Day Moving Average 7.74
10-Day Moving Average 7.84
Average True Range 0.33
ADX 11.9
+DI 22.17
-DI 25.80
Chandelier Exit (Long, 3 ATRs ) 7.17
Chandelier Exit (Short, 3 ATRs ) 8.14
Upper Bollinger Band 8.15
Lower Bollinger Band 7.33
Percent B (%b) 0.87
BandWidth 10.65
MACD Line 0.05
MACD Signal Line 0.04
MACD Histogram 0.0109
Fundamentals Value
Market Cap 9.88 Billion
Num Shares 1.23 Billion
EPS -0.42
Price-to-Earnings (P/E) Ratio -18.96
Price-to-Sales 0.56
Price-to-Book 0.50
PEG Ratio 0.45
Dividend 0.18
Dividend Yield 2.24%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.44
Resistance 3 (R3) 8.41 8.24 8.38
Resistance 2 (R2) 8.24 8.14 8.26 8.35
Resistance 1 (R1) 8.14 8.07 8.19 8.17 8.33
Pivot Point 7.97 7.97 7.99 7.99 7.97
Support 1 (S1) 7.87 7.87 7.92 7.91 7.75
Support 2 (S2) 7.70 7.80 7.72 7.73
Support 3 (S3) 7.60 7.70 7.70
Support 4 (S4) 7.64