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Stock Trend Analysis Report

Prepared for you on Friday, December 1, 2023.

Cenovus Energy Inc (NYSE:CVE)

Bear Market Rally (-75) - CVE is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CVE as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CVE?

MarketClub looks at technical strength and momentum to determine if the timing is right for CVE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low CVE Price Change
17.940 18.150 17.510 17.755 +0.105
Entry Signal

MarketClub’s Trade Triangles for CVE

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 18.300

intermediate term down The intermediate-term trend has been DOWN since Oct 31st, 2023 at 18.950

short term up The short-term trend has been UP since Nov 30th, 2023 at 17.845

Smart Scan Analysis for CVE

Based on our trend formula, CVE is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.940 18.150 17.510 17.755 +0.105
Prev. Close Volume Bid Ask Time
17.760 9303501 2023-11-30 15:59:49
Year High11.465Year High Date2018-05-22
Year Low6.89Year Low Date2018-11-27
52wk High21.3552wk High Date2023-10-18
52wk Low14.9752wk Low Date2023-05-03
Year End Close33.54Average Volume9,046,344
Shares Outstanding833,290Short Interest4,102,837
% Institutional66.4Market Cap11,513M
P/E Ratio11.1488Beta1.18
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