Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
grade B 7.73 -5.04% -0.41
CVE closed up 1.37 percent on Friday, January 18, 2019, on 76 percent of normal volume. 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 Flat Down
See historical CVE trend table...

Date Alert Name Type % Chg
Jan 18 Wide Bands Range Expansion -5.04%
Jan 18 Overbought Stochastic Strength -5.04%
Jan 17 Wide Bands Range Expansion -3.74%
Jan 17 Overbought Stochastic Strength -3.74%
Jan 16 Wide Bands Range Expansion -3.13%
Jan 16 Overbought Stochastic Strength -3.13%
Jan 15 Wide Bands Range Expansion -4.92%
Jan 15 Overbought Stochastic Strength -4.92%
Jan 14 Stochastic Sell Signal Bearish -3.50%
Jan 14 Narrow Range Bar Range Contraction -3.50%

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.
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: 2 bullish, 1 bearish and 2 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 4,312,852
200-Day Moving Average 9.2719
50-Day Moving Average 7.7152
20-Day Moving Average 7.5055
10-Day Moving Average 8.037
Average True Range 0.3477
ADX 22.55
+DI 25.1711
-DI 17.1575
Chandelier Exit (Long, 3 ATRs ) 7.2169
Chandelier Exit (Short, 3 ATRs ) 7.1931
Upper Bollinger Band 8.6823
Lower Bollinger Band 6.3287
Percent B (%b) 0.77
BandWidth 31.358337
MACD Line 0.1628
MACD Signal Line 0.0738
MACD Histogram 0.089
Fundamentals Value
Market Cap 10 Billion
Num Shares 1.23 Billion
EPS 2.45
Price-to-Earnings (P/E) Ratio 3.32
Price-to-Sales 0.94
Price-to-Book 0.71
PEG Ratio 0.45
Dividend 0.16
Dividend Yield 1.97%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.46
Resistance 3 (R3) 8.43 8.31 8.40
Resistance 2 (R2) 8.31 8.23 8.32 8.38
Resistance 1 (R1) 8.22 8.18 8.27 8.25 8.37
Pivot Point 8.10 8.10 8.12 8.11 8.10
Support 1 (S1) 8.01 8.02 8.06 8.04 7.91
Support 2 (S2) 7.89 7.97 7.90 7.90
Support 3 (S3) 7.80 7.89 7.88
Support 4 (S4) 7.83