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(CVE) Cenovus Energy complete technical analysis [charts+indicators] | Buy/Sell Cenovus Energy | (CVE) share price targets

Complete technical analysis of Cenovus Energy (CVE) by charts plus indicators, forecast predictions and share price targets for Cenovus Energy (CVE)

Cenovus Energy trades in USA in Energy sector.

10 day averaged volume of Cenovus Energy is 10219880

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 19.99 19.97 20.06 19.87 0.521 times
27 Wed Mar 2024 19.84 19.59 19.90 19.59 0.724 times
26 Tue Mar 2024 19.88 19.93 20.01 19.84 1.575 times
25 Mon Mar 2024 19.82 19.45 19.91 19.43 1.241 times
22 Fri Mar 2024 19.36 19.33 19.40 19.16 0.793 times
21 Thu Mar 2024 19.32 19.20 19.34 19.04 0.956 times
20 Wed Mar 2024 19.23 18.89 19.31 18.83 0.822 times
19 Tue Mar 2024 19.07 18.91 19.17 18.86 0.747 times
18 Mon Mar 2024 18.96 18.71 18.99 18.62 0.957 times
15 Fri Mar 2024 18.58 18.65 18.90 18.54 1.13 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 19.5, but if it comes below 19.5, then a intra day sell could be more profitable.
If you take a sell trade below 19.5, then use 19.5 as stoploss and 18.65 as target. However if you take a buy trade in stock , then use 19.5 as stoploss and 20.5 as target.

Share price targets for Cenovus Energy (CVE)

Target Type Value
Downside Target 14.69
Downside Target 15.47
Downside Target 17.05
Downside Target 18.00
Downside Target 18.16
Downside Target 18.62
Downside Target 18.90
Downside Target 19.40
Downside Target 19.43
Downside Target 19.74
Upside Target 20.06

Intraday share price targets for Cenovus Energy (CVE)

Target Type Value
Downside Intraday Target 19.59
Downside Intraday Target 19.2
Upside Intraday Target 20.22
Upside Intraday Target 20.46
Downside Intraday Target 19.83

Weekly technical analysis of Cenovus Energy (CVE)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 19.99 19.45 20.06 19.43 0.95 times
22 Fri Mar 2024 19.36 18.71 19.40 18.62 0.81 times
15 Fri Mar 2024 18.58 17.54 18.90 17.40 0.65 times
08 Fri Mar 2024 17.66 17.75 18.16 17.44 1.245 times
01 Fri Mar 2024 17.70 17.52 18.03 17.21 1.779 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Cenovus Energy (CVE)

Date Monthly Closing Price Open High Low Volume
28 Thu Mar 2024 19.99 17.66 20.06 17.40 1.06 times
29 Thu Feb 2024 17.43 16.25 18.00 15.47 0.907 times
31 Wed Jan 2024 16.18 16.81 17.19 14.69 1.072 times
29 Fri Dec 2023 16.65 17.68 18.10 15.55 1.256 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cenovus Energy (CVE)

Price action analysis of Cenovus Energy ( (CVE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Cenovus Energy stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Cenovus Energy in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Cenovus Energy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Cenovus Energy in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Cenovus Energy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.41 and Cenovus Energy (CVE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Cenovus Energy (CVE) stock. Volume based technical analysis of Cenovus Energy (CVE) stock is negative.

Cenovus Energy Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Cenovus Energy stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Cenovus Energy in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Cenovus Energy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Cenovus Energy in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Cenovus Energy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.41 and Cenovus Energy (CVE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Cenovus Energy (CVE) stock. Volume based technical analysis of Cenovus Energy (CVE) stock is negative.

Cenovus Energy Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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Daily chart
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