Technical Analysis for CVE - Cenovus Energy Inc.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.00% | |
| Crossed Above 20 DMA | Bullish | 0.00% | |
| MACD Bullish Signal Line Cross | Bullish | 0.89% | |
| Outside Day | Range Expansion | 0.89% | |
| Gapped Down | Weakness | 0.89% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.89% | |
| Pocket Pivot | Bullish Swing Setup | 0.89% | |
| Inside Day | Range Contraction | 0.89% | |
| Outside Day | Range Expansion | 2.63% | |
| Slingshot Bearish | Bearish Swing Setup | 1.75% |
| Alert | Time |
|---|---|
| 20 DMA Resistance | about 21 hours ago |
| Rose Above Previous Day's High | about 22 hours ago |
| Rose Above 20 DMA | about 22 hours ago |
| Up 1% | about 22 hours ago |
| Rose Above Previous Day's High | 2 days ago |
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- Earnings date: 2024-10-31
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 Crude Oil Integrated 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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 29.3592 |
| 52 Week Low | 19.3129 |
| Average Volume | 5,596,777 |
| 200-Day Moving Average | 25.148 |
| 50-Day Moving Average | 22.959 |
| 20-Day Moving Average | 22.528 |
| 10-Day Moving Average | 22.289 |
| Average True Range | 0.561 |
| RSI (14) | 48.98 |
| ADX | 26.51 |
| +DI | 15.823 |
| -DI | 24.983 |
| Chandelier Exit (Long, 3 ATRs) | 21.858 |
| Chandelier Exit (Short, 3 ATRs) | 23.032 |
| Upper Bollinger Bands | 23.428 |
| Lower Bollinger Band | 21.628 |
| Percent B (%b) | 0.55 |
| BandWidth | 7.989 |
| MACD Line | -0.269 |
| MACD Signal Line | -0.319 |
| MACD Histogram | 0.0504 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 23.265 | ||||
| Resistance 3 (R3) | 23.243 | 23.007 | 23.158 | ||
| Resistance 2 (R2) | 23.007 | 22.842 | 23.018 | 23.122 | |
| Resistance 1 (R1) | 22.813 | 22.741 | 22.910 | 22.835 | 23.086 |
| Pivot Point | 22.577 | 22.577 | 22.625 | 22.588 | 22.577 |
| Support 1 (S1) | 22.383 | 22.412 | 22.480 | 22.405 | 22.154 |
| Support 2 (S2) | 22.147 | 22.311 | 22.158 | 22.118 | |
| Support 3 (S3) | 21.953 | 22.147 | 22.083 | ||
| Support 4 (S4) | 21.975 |
