Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
grade C 8.75 -4.79% -0.44
CVE closed down 4.79 percent on Friday, March 22, 2019, on 76 percent of normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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

Date Alert Name Type % Chg
Mar 22 Fell Below 200 DMA Bearish 0.00%
Mar 22 Fell Below 20 DMA Bearish 0.00%
Mar 22 MACD Bearish Signal Line Cross Bearish 0.00%
Mar 22 Overbought Stochastic Strength 0.00%
Mar 22 Gapped Down Weakness 0.00%
Mar 21 Spinning Top Other -4.79%
Mar 21 Stochastic Reached Overbought Strength -4.79%
Mar 21 Overbought Stochastic Strength -4.79%
Mar 20 200 DMA Support Bullish -4.58%
Mar 20 MACD Bullish Signal Line Cross Bullish -4.58%

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 Oil Sands Asphalt 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: 1 bullish, 1 bearish and 3 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 4,213,275
200-Day Moving Average 8.8648
50-Day Moving Average 8.3464
20-Day Moving Average 8.8195
10-Day Moving Average 8.856
Average True Range 0.2885
ADX 13.99
+DI 28.8347
-DI 27.5146
Chandelier Exit (Long, 3 ATRs ) 8.4545
Chandelier Exit (Short, 3 ATRs ) 8.8205
Upper Bollinger Band 9.3946
Lower Bollinger Band 8.2444
Percent B (%b) 0.44
BandWidth 13.041556
MACD Line 0.1697
MACD Signal Line 0.1727
MACD Histogram -0.003
Fundamentals Value
Market Cap 10.75 Billion
Num Shares 1.23 Billion
EPS 2.45
Price-to-Earnings (P/E) Ratio 3.57
Price-to-Sales 0.94
Price-to-Book 0.71
PEG Ratio 0.45
Dividend 0.16
Dividend Yield 1.83%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.22
Resistance 3 (R3) 9.27 9.16 9.14
Resistance 2 (R2) 9.16 9.04 9.14 9.12
Resistance 1 (R1) 8.96 8.97 8.90 8.91 9.09
Pivot Point 8.85 8.85 8.82 8.82 8.85
Support 1 (S1) 8.64 8.72 8.59 8.59 8.41
Support 2 (S2) 8.53 8.65 8.51 8.38
Support 3 (S3) 8.33 8.53 8.36
Support 4 (S4) 8.28