Technical Analysis for CVE - Cenovus Energy Inc

Grade Last Price % Change Price Change
A 11.85 -1.90% -0.2300
CVE closed down 1.9 percent on Friday, December 3, 2021, on 88 percent of normal volume. It was able to find support at its 50 day moving average.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down
Historical CVE trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Support Bullish -1.90%
Stochastic Reached Oversold Weakness -1.90%
Strong but Oversold Other -1.90%
Lower Bollinger Band Touch Weakness -1.90%
Oversold Stochastic Weakness -1.90%
20 DMA Resistance Bearish 0.51%
New Uptrend Bullish 0.51%
New Downtrend Bearish -0.08%
Older End-of-Day Signals for CVE ...

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Profile

Cenovus Energy Inc Description

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.


Classification

Sector: Energy
Industry: Oil & Gas Integrated
Keywords: Physical Sciences Natural Gas Petroleum Industry Crude Oil Petroleum S&P/Tsx 60 Index Petroleum Geology Chemical Products Natural Gas Liquids Gas Liquids Oil Sands Petroleum Industry In Canada Oil Sand Natural Gas Processing Asphalt Processing Facilities Unconventional Oil Gas Processing Clearwater Natural Gas In Canada Cenovus Energy Markets Crude Oil

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 13.48
52 Week Low 3.15
Average Volume 10,244,402
200-Day Moving Average 9.1427
50-Day Moving Average 11.7318
20-Day Moving Average 12.4790
10-Day Moving Average 12.2460
Average True Range 0.5890
ADX 22.46
+DI 25.9283
-DI 24.7217
Chandelier Exit (Long, 3 ATRs) 11.7130
Chandelier Exit (Short, 3 ATRs) 13.2370
Upper Bollinger Bands 13.2930
Lower Bollinger Band 11.6650
Percent B (%b) 0.11
BandWidth 13.0459
MACD Line 0.0759
MACD Signal Line 0.2303
MACD Histogram -0.1544
Fundamentals Value
Market Cap 14.56 Billion
Num Shares 1.23 Billion
EPS -0.42
Price-to-Earnings (P/E) Ratio -27.95
Price-to-Sales 0.56
Price-to-Book 0.50
PEG Ratio 0.45
Dividend 0.18
Dividend Yield 1.52%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.8850
Resistance 3 (R3) 12.9567 12.6833 12.7125
Resistance 2 (R2) 12.6833 12.4198 12.6475 12.6550
Resistance 1 (R1) 12.2667 12.2569 12.1300 12.1950 12.5975
Pivot Point 11.9933 11.9933 11.9250 11.9575 11.9933
Support 1 (S1) 11.5767 11.7298 11.4400 11.5050 11.1025
Support 2 (S2) 11.3033 11.5669 11.2675 11.0450
Support 3 (S3) 10.8867 11.3033 10.9875
Support 4 (S4) 10.8150