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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.

Showing technical analysis as on 2024-05-21 View latest technical analysis

10 day averaged volume of Cenovus Energy is 5244379

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	20.27	20.15	20.32	20.04	0.969 times
20 Mon May 2024	20.16	20.29	20.51	20.16	0.636 times
17 Fri May 2024	20.20	20.06	20.26	19.94	1.105 times
16 Thu May 2024	19.97	20.36	20.36	19.94	0.922 times
15 Wed May 2024	20.17	20.11	20.23	19.78	1.301 times
14 Tue May 2024	20.19	20.42	20.47	20.10	1.195 times
13 Mon May 2024	20.42	20.72	20.77	20.29	0.829 times
10 Fri May 2024	20.53	20.94	20.96	20.48	0.75 times
09 Thu May 2024	20.77	20.77	20.97	20.73	1.088 times
08 Wed May 2024	20.75	20.49	20.78	20.39	1.008 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 20.2 as stoploss in an intra day buy trade for a target of 20.61. However, stock will show a bearish move below 20.2.

Share price targets for Cenovus Energy (CVE)

Target Type	Value
Downside Target	14.69
Downside Target	15.47
Downside Target	17.19
Downside Target	18.00
Downside Target	19.78
Upside Target	20.61
Upside Target	20.77
Upside Target	21.04
Upside Target	21.57
Upside Target	21.58
Upside Target	21.90

Intraday share price targets for Cenovus Energy (CVE)

Target Type	Value
Downside Intraday Target	20.04
Downside Intraday Target	19.8
Upside Intraday Target	20.51
Upside Intraday Target	20.74
Upside Intraday Target	20.27

Weekly technical analysis of Cenovus Energy (CVE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	20.27	20.29	20.51	20.04	0.3 times
17 Fri May 2024	20.20	20.72	20.77	19.78	1.018 times
10 Fri May 2024	20.53	20.75	21.04	20.39	0.489 times
03 Fri May 2024	20.49	21.57	21.58	20.06	1.577 times
26 Fri Apr 2024	21.46	20.68	21.57	20.61	0.615 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
21 Tue May 2024	20.27	20.70	21.04	19.78	0.459 times
30 Tue Apr 2024	20.56	20.06	21.90	19.83	0.866 times
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

Scroll below to view daily charts

Price has moved down 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cenovus Energy ( (CVE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Cenovus Energy in short term but the sell signal is initial and weak.

Cenovus Energy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Cenovus Energy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 20.34 and Cenovus Energy (CVE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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