Stock Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
CENOVUS ENERGY INC WTS (TSE:CVE.WT)
Long-Term Uptrend (+90) - CVE.WT is in a strong uptrend that is likely to continue. While CVE.WT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CVE.WT
The long-term trend has been UP since Feb 4th, 2021 at 4.27
The intermediate-term trend has been UP since Sep 22nd, 2021 at 6.37
The short-term trend has been UP since Sep 22nd, 2021 at 6.19
Smart Scan Analysis for CVE.WT
Based on our trend formula, CVE.WT is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).