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Stock Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Cenovus Energy Inc (NYSE:CVE)

Long-Term Downtrend (-90) - CVE is in a strong downtrend that is likely to continue. While CVE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
15.790 16.325 15.670 16.240 +0.710
Entry Signal

MarketClub’s Trade Triangles for CVE

long term down The long-term trend has been DOWN since Mar 13th, 2023 at 17.410

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2023 at 18.145

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 15.580

Smart Scan Analysis for CVE

Based on our trend formula, CVE is rated as a -90 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
15.790 16.325 15.670 16.240 +0.710
Prev. Close Volume Bid Ask Time
15.530 7457363 2023-03-27 15:59:30
Year High11.465Year High Date2018-05-22
Year Low6.89Year Low Date2018-11-27
52wk High24.9152wk High Date2022-06-08
52wk Low14.440752wk Low Date2022-09-26
Year End Close33.54Average Volume7,926,249
Shares Outstanding833,290Short Interest4,102,837
% Institutional66.4Market Cap11,513M
P/E Ratio8.2387Beta1.18
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