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    Technical Analysis for CVE - Cenovus Energy Inc.

    Grade Last Price % Change Price Change
    C 27.360 0.55% 0.150
    CVE closed down 0.38 percent on Thursday, May 16, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Flat Down
    Historical CVE trend table...
    Date Alert Name Type % Chg
    50 DMA Resistance Bearish 0.55%
    MACD Bearish Centerline Cross Bearish 0.55%
    180 Bearish Setup Bearish Swing Setup 0.55%
    Gapped Up Strength 0.55%
    Down 3 Days in a Row Weakness 0.55%
    Down 4 Days in a Row Weakness 0.55%
    Down 5 Days in a Row Weakness 0.55%
    Oversold Stochastic Weakness 0.55%
    Fell Below 50 DMA Bearish 0.16%
    Hammer Candlestick Bullish 0.16%
    Older End-of-Day Signals for CVE ...

       Recent Intraday Alerts

    Alert Time
    Lower Bollinger Band Support about 22 hours ago
    50 DMA Resistance about 22 hours ago
    50 DMA Support about 24 hours ago
    Lizard Bullish Entry 1 day ago
    Hammer Candlestick Entry 1 day ago
    View Earlier Intraday Alerts

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    Profile

    Cenovus Energy Inc. Description

    Cenovus Energy Inc. is a Canada-based integrated oil company. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGL) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. Its Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake and Narrows Lake, as well as projects in the early-stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn. Its Refining and Marketing segment includes transporting and selling crude oil and natural gas and joint ownership of two refineries in the United States.

    Classification
    Sector: Energy
    Industry: Oil & Gas Integrated
    Keywords: Chemistry Energy Oil Natural Gas Marketing Petroleum S&P/Tsx 60 Index Transport Carbon Petroleum Industry Integrated Crude Oil Liquids Nature Natural Gas Liquids Petroleum Industry In Canada Petroleum Geology Oil Sands Telephone Heavy Oil Co2 Carbon Dioxide Asphalt Unconventional Oil Enhanced Oil Recovery Oil Recovery Western Canadian Select

    Is CVE a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 15 The Zacks Analyst Blog Highlights Murphy USA, Targa Resources, Cenovus Energy and Phillips 66
    May 14 4 Energy Companies That Recently Pumped Up Their Dividends
    May 11 Be Sure To Check Out Cenovus Energy Inc. (TSE:CVE) Before It Goes Ex-Dividend
    May 8 Why Cenovus Energy (CVE) is a Top Dividend Stock for Your Portfolio
    May 8 Is Cenovus Energy (CVE) Stock Undervalued Right Now?
    May 6 Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss
    May 4 Cenovus Energy Inc. (NYSE:CVE) Q1 2024 Earnings Call Transcript
    May 3 Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next
    May 2 How to Find Strong Oils-Energy Stocks Slated for Positive Earnings Surprises
    May 2 Cenovus Energy First Quarter 2024 Earnings: Beats Expectations
    See more CVE news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 29.8127
    52 Week Low 19.6113
    Average Volume 5,239,888
    200-Day Moving Average 24.995
    50-Day Moving Average 27.416
    20-Day Moving Average 28.257
    10-Day Moving Average 27.848
    Average True Range 0.572
    RSI (14) 39.02
    ADX 26.06
    +DI 18.270
    -DI 29.232
    Chandelier Exit (Long, 3 ATRs) 27.600
    Chandelier Exit (Short, 3 ATRs) 28.582
    Upper Bollinger Bands 29.448
    Lower Bollinger Band 27.065
    Percent B (%b) 0.06
    BandWidth 8.431
    MACD Line -0.044
    MACD Signal Line 0.183
    MACD Histogram -0.2267
    Fundamentals Value
    Market Cap 33.44 Billion
    Num Shares 1.23 Billion
    EPS 0.23
    Price-to-Earnings (P/E) Ratio 117.79
    Price-to-Sales 0.56
    Price-to-Book 0.50
    PEG Ratio 0.28
    Dividend 0.25
    Dividend Yield 0.92%
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 27.915
    Resistance 3 (R3) 27.973 27.797 27.798
    Resistance 2 (R2) 27.797 27.617 27.768 27.758
    Resistance 1 (R1) 27.503 27.506 27.415 27.445 27.719
    Pivot Point 27.327 27.327 27.283 27.298 27.327
    Support 1 (S1) 27.033 27.147 26.945 26.975 26.701
    Support 2 (S2) 26.857 27.036 26.828 26.662
    Support 3 (S3) 26.563 26.857 26.623
    Support 4 (S4) 26.505