Stock Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

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.

Open	High	Low	CVE.WT Price	Change
21.90	22.44	21.90	22.44	+0.54
Entry Signal

MarketClub’s Trade Triangles for CVE.WT

The long-term trend has been UP since Mar 13th, 2024 at 18.0

The intermediate-term trend has been UP since Feb 1st, 2024 at 15.5

The short-term trend has been DOWN since Apr 15th, 2024 at 22.3

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
21.90	22.44	21.90	22.44	+0.54
Prev. Close	Volume	Bid	Ask	Time
21.90	243			2024-04-19 11:11:18

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