Stock Trend Analysis Report
Prepared for you on Sunday, June 20, 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.
MarketClub’s Trade Triangles for CVE
The long-term trend has been UP since Nov 24th, 2020 at 7.10
The intermediate-term trend has been UP since May 18th, 2021 at 10.02
The short-term trend has been DOWN since Jun 17th, 2021 at 12.12
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).
|Year High||14.84||Year High Date||2018-07-10|
|Year Low||9.025||Year Low Date||2018-02-09|
|52wk High||14.84||52wk High Date||2018-07-10|
|52wk Low||9.025||52wk Low Date||2018-02-09|
|Year End Close||33.29||Average Volume||5,142,155|