Technical Analysis for OVV - Ovintiv Inc. (DE)

Grade Last Price % Change Price Change
B 46.71 0.26% 0.12
OVV closed up 0.26 percent on Friday, November 22, 2024, on 83 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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
New Uptrend Bullish 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Gapped Down Weakness 0.00%
Gapped Up Strength 0.26%
Overbought Stochastic Strength 0.26%
Upper Bollinger Band Touch Strength 0.26%
Crossed Above 200 DMA Bullish 2.12%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 15 hours ago
Possible Inside Day about 15 hours ago
Upper Bollinger Band Resistance about 18 hours ago
Gap Down Closed about 19 hours ago
Gap Down Partially Closed about 19 hours ago

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Profile

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets in Anadarko basin, located in west-central Oklahoma; the Permian basin located in the prolific, Midland Basin in Texas; and the Montney basin located in western Canada. It also holds positions in various plays, including the Bakken, Duvernay, Eagle Ford, and Uinta basins. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was founded in 1971 and is based in Denver, Colorado.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Natural Gas Liquids S&P/Tsx 60 Index Permian Basin Bakken Anadarko Basin Western Canadian Sedimentary Basin Structural Basin

Is OVV 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 55.1614
52 Week Low 36.905
Average Volume 3,439,852
200-Day Moving Average 45.63
50-Day Moving Average 41.38
20-Day Moving Average 42.30
10-Day Moving Average 44.40
Average True Range 1.31
RSI (14) 69.23
ADX 25.94
+DI 35.12
-DI 13.12
Chandelier Exit (Long, 3 ATRs) 43.24
Chandelier Exit (Short, 3 ATRs) 42.40
Upper Bollinger Bands 47.49
Lower Bollinger Band 37.10
Percent B (%b) 0.92
BandWidth 24.58
MACD Line 1.43
MACD Signal Line 0.90
MACD Histogram 0.5358
Fundamentals Value
Market Cap 12.69 Billion
Num Shares 272 Million
EPS 9.97
Price-to-Earnings (P/E) Ratio 4.69
Price-to-Sales 1.03
Price-to-Book 1.18
Dividend 1.10
Dividend Yield 2.35%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.97
Resistance 3 (R3) 47.92 47.45 47.76
Resistance 2 (R2) 47.45 47.13 47.48 47.69
Resistance 1 (R1) 47.08 46.93 47.27 47.13 47.62
Pivot Point 46.61 46.61 46.70 46.64 46.61
Support 1 (S1) 46.24 46.29 46.43 46.29 45.80
Support 2 (S2) 45.77 46.09 45.80 45.73
Support 3 (S3) 45.40 45.77 45.66
Support 4 (S4) 45.45