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Stock Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

Cenovus Energy Inc (TSE:CVE)

Countertrend Down (-85) - CVE is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

TSE_CVE
Open High Low CVE Price Change
24.390 24.605 23.785 24.070 +0.060
Entry Signal

MarketClub’s Trade Triangles for CVE

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 24.60

intermediate term down The intermediate-term trend has been DOWN since Nov 2nd, 2023 at 26.26

short term up The short-term trend has been UP since Nov 30th, 2023 at 24.24

Smart Scan Analysis for CVE

Based on our trend formula, CVE is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.390 24.605 23.785 24.070 +0.060
Prev. Close Volume Bid Ask Time
24.010 10430603 2023-11-30 16:15:56
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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