Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
grade D 4.24 -4.07% -0.18
CVE closed down 4.07 percent on Monday, July 13, 2020, on 83 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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
Historical CVE trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Crossed Above 50 DMA Bullish -4.07%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -4.07%
NR7 Range Contraction -4.07%

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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


Indicator Value
52 Week High 10.82
52 Week Low 1.41
Average Volume 7,235,063
200-Day Moving Average 6.61
50-Day Moving Average 4.39
20-Day Moving Average 4.57
10-Day Moving Average 4.53
Average True Range 0.27
ADX 11.11
+DI 22.10
-DI 24.76
Chandelier Exit (Long, 3 ATRs ) 4.28
Chandelier Exit (Short, 3 ATRs ) 5.04
Upper Bollinger Band 4.87
Lower Bollinger Band 4.27
Percent B (%b) -0.04
BandWidth 13.22
MACD Line -0.02
MACD Signal Line 0.05
MACD Histogram -0.0661
Fundamentals Value
Market Cap 5.21 Billion
Num Shares 1.23 Billion
EPS 2.45
Price-to-Earnings (P/E) Ratio 1.73
Price-to-Sales 0.94
Price-to-Book 0.71
PEG Ratio 0.45
Dividend 0.16
Dividend Yield 3.77%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.61
Resistance 3 (R3) 4.65 4.57 4.55
Resistance 2 (R2) 4.57 4.47 4.55 4.53
Resistance 1 (R1) 4.40 4.41 4.36 4.36 4.51
Pivot Point 4.32 4.32 4.30 4.30 4.32
Support 1 (S1) 4.15 4.22 4.11 4.12 3.97
Support 2 (S2) 4.07 4.16 4.05 3.95
Support 3 (S3) 3.90 4.07 3.93
Support 4 (S4) 3.87