Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
B 18.96 2.05% 0.38
CVE closed up 2.05 percent on Monday, March 18, 2024, on 81 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Shooting Star Candlestick Bearish 2.05%
Upper Bollinger Band Walk Strength 2.05%
BB Squeeze Ended Range Expansion 2.05%
Above Upper BB Strength 2.05%

   Recent Intraday Alerts

Alert Time
Up 2% about 13 hours ago
Rose Above Previous Day's High about 14 hours ago
Possible Inside Day about 14 hours ago
60 Minute Opening Range Breakout about 15 hours ago
Gap Up Partially Closed about 19 hours ago

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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 Chemical Product S&P/Tsx 60 Index Integrated Oil Oil Sands Oil Products Asphalt Grand Rapids Heavy Oil Markets Crude Oil Conventional Crude Oil Natural Gas Assets Party Products 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 21.1129
52 Week Low 14.6071
Average Volume 12,074,386
200-Day Moving Average 17.76
50-Day Moving Average 16.62
20-Day Moving Average 17.73
10-Day Moving Average 18.06
Average True Range 0.43
RSI (14) 73.68
ADX 28.88
+DI 34.17
-DI 12.58
Chandelier Exit (Long, 3 ATRs) 17.69
Chandelier Exit (Short, 3 ATRs) 17.47
Upper Bollinger Bands 18.72
Lower Bollinger Band 16.74
Percent B (%b) 1.12
BandWidth 11.20
MACD Line 0.53
MACD Signal Line 0.43
MACD Histogram 0.0973
Fundamentals Value
Market Cap 35.7 Billion
Num Shares 1.88 Billion
EPS 1.58
Price-to-Earnings (P/E) Ratio 12.00
Price-to-Sales 0.58
Price-to-Book 1.45
PEG Ratio 0.45
Dividend 0.60
Dividend Yield 3.16%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.51
Resistance 3 (R3) 19.46 19.22 19.42
Resistance 2 (R2) 19.22 19.08 19.25 19.39
Resistance 1 (R1) 19.09 19.00 19.16 19.14 19.36
Pivot Point 18.86 18.86 18.89 18.88 18.86
Support 1 (S1) 18.73 18.72 18.79 18.78 18.56
Support 2 (S2) 18.49 18.63 18.52 18.53
Support 3 (S3) 18.36 18.49 18.50
Support 4 (S4) 18.41