Technical Analysis for CVE - Cenovus Energy Inc.

Grade Last Price % Change Price Change
grade D 11.33 4.42% 0.480
CVE closed up 4.42 percent on Friday, October 11, 2019, on 1.47 times normal volume. 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.

Earnings due: Nov 1

*** please verify all earnings dates ***

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical CVE trend table...

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction 4.42%
NR7-2 Range Contraction 4.42%
Lower Bollinger Band Walk Weakness 4.42%
Wide Bands Range Expansion 4.42%
Oversold Stochastic Weakness 4.42%

Older signals for CVE ...

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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 Industry Petroleum Petroleum Geology Petroleum Industry In Canada Natural Gas Liquids Nature Crude Oil Oil Sands 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
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 14.31
52 Week Low 8.74
Average Volume 3,231,059
200-Day Moving Average 11.6453
50-Day Moving Average 11.8274
20-Day Moving Average 12.289
10-Day Moving Average 11.432
Average True Range 0.4502
ADX 27.96
+DI 20.545
-DI 27.6632
Chandelier Exit (Long, 3 ATRs ) 12.9594
Chandelier Exit (Short, 3 ATRs ) 11.9906
Upper Bollinger Band 14.216
Lower Bollinger Band 10.362
Percent B (%b) 0.25
BandWidth 31.36138
MACD Line -0.325
MACD Signal Line -0.1246
MACD Histogram -0.2004
Fundamentals Value
Market Cap 13.92 Billion
Num Shares 1.23 Billion
EPS 2.98
Price-to-Earnings (P/E) Ratio 3.80
Price-to-Sales 0.99
Price-to-Book 0.75
PEG Ratio 0.27
Dividend 0.20
Dividend Yield 1.77%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.065
Resistance 3 (R3) 12.007 11.703 11.943
Resistance 2 (R2) 11.703 11.516 11.733 11.902
Resistance 1 (R1) 11.517 11.401 11.610 11.575 11.861
Pivot Point 11.213 11.213 11.260 11.243 11.213
Support 1 (S1) 11.027 11.026 11.120 11.085 10.799
Support 2 (S2) 10.723 10.911 10.753 10.758
Support 3 (S3) 10.537 10.723 10.718
Support 4 (S4) 10.595