Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Cenovus Energy Inc.

CVE Technical Analysis Summary (NYSE)

Analyze CVE on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CVE●NYSE
EnergyOil & Gas Integrated
$28.41
$0.74(2.67%)
U.S. Market opens in 4h 7m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CVE Technical Analysis Summary (NYSE)

Cenovus Energy Inc. (NYSE: CVE) stock currently shows a bearish trend on the NYSE, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 36.90)
Trend Strength:Strong (ADX: 31.44)
Volatility:Medium (ATR: 1.12)
Support/Resistance:$26.63 – $35.35 (Bollinger Bands)

Technical conditions suggest Cenovus Energy Inc. on the NYSE is awaiting a decisive move. Overall, Cenovus Energy Inc. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 36.90

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 17.72

Bullish
Oversold zone signals rebound potential.

Williams %R: -74.06

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -11.25

Strongly Bearish
Sharp downside momentum.

Takeaway:Cenovus Energy Inc. shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -1.13

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 31.44

Strong
Strong trend, momentum well established.

ATR (14): 1.12

Low
Low volatility, stable price action.

CCI (14): -66.34

Bearish
Bearish, momentum remains under pressure.

Takeaway:Cenovus Energy Inc. shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$35.35
Middle Band (SMA 20)
$30.99
Lower Band
$26.63
Current Position
Within Bands

Takeaway:Cenovus Energy Inc. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$32.39
Middle Line (EMA 20)
$30.15
Lower Channel
$27.92
Squeeze Status
No Squeeze

Takeaway:Cenovus Energy Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-17.74M
Money Flow Index31.72Bearish, selling pressure outweighs inflows.
Relative Vigor Index61.52Bullish, price momentum strongly favors buyers.

Overall Takeaway:CVE shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Cenovus Energy Inc. (NYSE: CVE), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Cenovus Energy Inc. shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(NYSE: CVE) Technical Analysis FAQ