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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.

TSE_CVE.WT
Open High Low CVE.WT Price Change
11.09 12.00 10.97 12.00 +0.89
Entry Signal

MarketClub’s Trade Triangles for CVE.WT

long term up The long-term trend has been UP since Feb 4th, 2021 at 4.27

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 9.99

short term down 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).

+85
Smart Scan Analysis for CVE.WT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.09 12.00 10.97 12.00 +0.89
Prev. Close Volume Bid Ask Time
12.00 9023 2022-01-25 15:59:59
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