Stock Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

CENOVUS ENERGY INC WTS (TSE:CVE.WT)

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

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

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

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

Open	High	Low	CVE.WT Price	Change
22.52	22.59	22.52	22.55	+0.03
Entry Signal

MarketClub’s Trade Triangles for CVE.WT

The long-term trend has been UP since Mar 13th, 2024 at 18.00

The intermediate-term trend has been UP since Feb 1st, 2024 at 15.50

The short-term trend has been DOWN since Apr 23rd, 2024 at 21.82

Smart Scan Analysis for CVE.WT

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

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
22.52	22.59	22.52	22.55	+0.03
Prev. Close	Volume	Bid	Ask	Time
22.55	553			2024-04-24 15:59:59

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