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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 2024-07-24 View latest technical analysis

10 day averaged volume of Cenovus Energy is 6694680

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	19.42	19.54	19.83	19.40	1.058 times
23 Tue Jul 2024	19.47	19.81	19.85	19.40	0.784 times
22 Mon Jul 2024	19.99	19.83	20.10	19.59	0.755 times
19 Fri Jul 2024	19.92	20.08	20.25	19.84	0.845 times
18 Thu Jul 2024	20.20	20.50	20.60	20.16	1.17 times
17 Wed Jul 2024	20.51	20.52	20.74	20.29	1.114 times
16 Tue Jul 2024	20.43	20.44	20.62	20.32	1.34 times
15 Mon Jul 2024	20.65	20.04	20.76	19.92	1.822 times
12 Fri Jul 2024	19.90	20.15	20.15	19.86	0.591 times
11 Thu Jul 2024	19.88	19.67	20.08	19.50	0.726 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.5, but if it comes above 19.5, then a intra day buy could be more profitable.
If you take a sell trade below 19.5, then use 19.5 as stoploss and 19.1 as target. However if you take a buy trade in stock , then use 19.5 as stoploss and 19.9 as target.

Share price targets for Cenovus Energy (CVE)

Target Type	Value
Downside Target	17.40
Downside Target	18.02
Downside Target	19.22
Upside Target	20.15
Upside Target	20.33
Upside Target	20.76
Upside Target	20.89
Upside Target	21.08
Upside Target	21.90

Intraday share price targets for Cenovus Energy (CVE)

Target Type	Value
Downside Intraday Target	19.18
Downside Intraday Target	18.94
Upside Intraday Target	19.88
Upside Intraday Target	20.34
Upside Intraday Target	19.64

Weekly technical analysis of Cenovus Energy (CVE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	19.42	19.83	20.10	19.40	0.413 times
19 Fri Jul 2024	19.92	20.04	20.76	19.84	1.74 times
12 Fri Jul 2024	19.90	19.56	20.15	19.22	2.313 times
05 Fri Jul 2024	19.65	20.26	20.33	19.53	0.629 times
03 Wed Jul 2024	20.12	19.88	20.33	19.59	0.469 times

Price has moved down 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
24 Wed Jul 2024	19.42	19.88	20.76	19.22	0.757 times
28 Fri Jun 2024	19.66	20.86	20.89	18.02	1.043 times
31 Fri May 2024	20.82	20.70	21.08	19.78	0.661 times
30 Tue Apr 2024	20.56	20.06	21.90	19.83	0.866 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Cenovus Energy stock for short term is SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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 but selling 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 20.13 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 positive

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