Technical Analysis for CVE - Cenovus Energy Inc.

Grade Last Price % Change Price Change
grade D 7.05 8.46% 0.550
CVE closed up 8.46 percent on Friday, June 5, 2020, on 82 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.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up
Historical CVE trend table...

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
180 Bullish Setup Bullish Swing Setup 8.46%

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Profile

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.
Chemistry Natural Gas S&P/Tsx 60 Index Oil Petroleum Petroleum Industry Petroleum Geology Natural Gas Liquids Crude Oil Nature Oil Sands Petroleum Industry In Canada Asphalt Unconventional Oil 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

Indicators

Indicator Value
52 Week High 14.31
52 Week Low 2.06
Average Volume 10,774,313
200-Day Moving Average 9.552
50-Day Moving Average 4.692
20-Day Moving Average 5.855
10-Day Moving Average 6.272
Average True Range 0.362
ADX 28.82
+DI 42.721
-DI 15.037
Chandelier Exit (Long, 3 ATRs ) 6.045
Chandelier Exit (Short, 3 ATRs ) 5.585
Upper Bollinger Band 6.953
Lower Bollinger Band 4.757
Percent B (%b) 1.04
BandWidth 37.496
MACD Line 0.487
MACD Signal Line 0.418
MACD Histogram 0.0688
Fundamentals Value
Market Cap 8.66 Billion
Num Shares 1.23 Billion
EPS 2.98
Price-to-Earnings (P/E) Ratio 2.37
Price-to-Sales 0.99
Price-to-Book 0.75
PEG Ratio 0.27
Dividend 0.20
Dividend Yield 2.84%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.470
Resistance 3 (R3) 7.450 7.290 7.400
Resistance 2 (R2) 7.290 7.183 7.300 7.377
Resistance 1 (R1) 7.170 7.117 7.230 7.190 7.353
Pivot Point 7.010 7.010 7.040 7.020 7.010
Support 1 (S1) 6.890 6.903 6.950 6.910 6.747
Support 2 (S2) 6.730 6.837 6.740 6.723
Support 3 (S3) 6.610 6.730 6.700
Support 4 (S4) 6.630