Technical Analysis for CVE - Cenovus Energy Inc.

Grade Last Price % Change Price Change
A 29.300 0.72% 0.210
CVE closed down 0.03 percent on Thursday, April 25, 2024, on 72 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.
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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
NR7 Range Contraction 0.72%
NR7-2 Range Contraction 0.72%
Earnings Movers Other 0.72%
Inside Day Range Contraction 0.72%
NR7 Range Contraction 0.69%
NR7-2 Range Contraction 0.69%
Earnings Movers Other 0.69%
Up 3 Days in a Row Strength 0.69%
Up 4 Days in a Row Strength 0.69%
NR7 Range Contraction 0.83%

   Recent Intraday Alerts

Alert Time
Up 1% about 2 hours ago
2x Volume Pace about 6 hours ago
1.5x Volume Pace about 6 hours ago
Rose Above Previous Day's High about 6 hours ago
Possible Inside Day 1 day ago

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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

Indicators

Indicator Value
52 Week High 29.96
52 Week Low 19.7082
Average Volume 4,756,893
200-Day Moving Average 24.730
50-Day Moving Average 26.127
20-Day Moving Average 28.646
10-Day Moving Average 28.761
Average True Range 0.578
RSI (14) 70.15
ADX 46.69
+DI 27.312
-DI 11.987
Chandelier Exit (Long, 3 ATRs) 28.225
Chandelier Exit (Short, 3 ATRs) 28.405
Upper Bollinger Bands 29.924
Lower Bollinger Band 27.367
Percent B (%b) 0.67
BandWidth 8.924
MACD Line 0.820
MACD Signal Line 0.963
MACD Histogram -0.1431
Fundamentals Value
Market Cap 35.75 Billion
Num Shares 1.23 Billion
EPS 0.23
Price-to-Earnings (P/E) Ratio 125.93
Price-to-Sales 0.56
Price-to-Book 0.50
PEG Ratio 0.28
Dividend 0.25
Dividend Yield 0.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.570
Resistance 3 (R3) 29.557 29.383 29.490
Resistance 2 (R2) 29.383 29.261 29.390 29.463
Resistance 1 (R1) 29.237 29.186 29.310 29.250 29.437
Pivot Point 29.063 29.063 29.100 29.070 29.063
Support 1 (S1) 28.917 28.941 28.990 28.930 28.743
Support 2 (S2) 28.743 28.866 28.750 28.717
Support 3 (S3) 28.597 28.743 28.690
Support 4 (S4) 28.610