Stock Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
CENOVUS ENERGY INC WTS (TSE:CVE.WT)
Countertrend Up (+85) - CVE.WT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Jan 4th, 2022 at 9.99
The short-term trend has been DOWN since Jan 21st, 2022 at 11.85
Smart Scan Analysis for CVE.WT
Based on our trend formula, CVE.WT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).