Technical Analysis for OVV - Ovintiv Inc

Grade Last Price % Change Price Change
A 70.280 0.79% 0.550
OVV closed up 0.79 percent on Thursday, March 28, 2024, on 79 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. 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.
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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
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Bollinger Band Squeeze Range Contraction 0.79%
Multiple of Ten Bearish Other 0.79%
BB Squeeze Started Range Contraction 0.79%
Overbought Stochastic Strength 0.79%
Gapped Down Weakness 0.79%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 11 hours ago
Gapped Up (Full) about 16 hours ago
Rose Above Previous Day's High about 16 hours ago
Up 1% about 16 hours ago
Fell Below Previous Day's Low 1 day ago

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Profile

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Eagle Ford in south Texas, Bakken in North Dakota, and Uinta in central Utah; and Duvernay in west central Alberta, Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke in offshore Nova Scotia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. is based in Denver, Colorado.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Natural Gas Marketing S&P/Tsx 60 Index Liquids Western Canadian Sedimentary Basin Natural Gas Liquids Nova Scotia Offshore Utah North Dakota Encana Wheat Frasnian Stage Geological History Of Earth Uinta Duvernay Formation

Is OVV 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 70.61
52 Week Low 42.9749
Average Volume 126,913
200-Day Moving Average 60.504
50-Day Moving Average 62.491
20-Day Moving Average 68.528
10-Day Moving Average 69.431
Average True Range 1.214
RSI (14) 69.70
ADX 49.48
+DI 32.826
-DI 10.463
Chandelier Exit (Long, 3 ATRs) 66.900
Chandelier Exit (Short, 3 ATRs) 65.461
Upper Bollinger Bands 71.147
Lower Bollinger Band 65.909
Percent B (%b) 0.83
BandWidth 7.644
MACD Line 2.081
MACD Signal Line 2.286
MACD Histogram -0.2049
Fundamentals Value
Market Cap 18.26 Billion
Num Shares 260 Million
EPS 3.40
Price-to-Earnings (P/E) Ratio 20.70
Price-to-Sales 0.58
Price-to-Book 0.82
Dividend 0.49
Dividend Yield 0.70%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 71.090
Resistance 3 (R3) 71.087 70.813 70.955
Resistance 2 (R2) 70.813 70.607 70.815 70.910
Resistance 1 (R1) 70.547 70.480 70.410 70.550 70.865
Pivot Point 70.273 70.273 70.205 70.275 70.273
Support 1 (S1) 70.007 70.067 69.870 70.010 69.695
Support 2 (S2) 69.733 69.940 69.735 69.650
Support 3 (S3) 69.467 69.733 69.605
Support 4 (S4) 69.470