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Stock Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Cenovus Energy Inc (TSE:CVE)

Bull Market Weakness (+75) - CVE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CVE as it may be in the beginning stages 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.

TSE_CVE
Open High Low CVE Price Change
16.28 16.46 15.78 16.09 -0.14
Entry Signal

MarketClub’s Trade Triangles for CVE

long term up The long-term trend has been UP since Nov 24th, 2020 at 7.100

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2021 at 15.020

short term up The short-term trend has been UP since Dec 7th, 2021 at 15.915

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).

+75
Smart Scan Analysis for CVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.28 16.46 15.78 16.09 -0.14
Prev. Close Volume Bid Ask Time
16.23 5675583 2021-12-08 16:17:24
Year High14.84Year High Date2018-07-10
Year Low9.025Year Low Date2018-02-09
52wk High14.8452wk High Date2018-07-10
52wk Low9.02552wk Low Date2018-02-09
Year End Close33.29Average Volume5,142,155
Volatility45.82
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