CVE NEWS why is Cenovus Energy Inc price falling or rising

CVE NEWS reasons for why stock price of Cenovus Energy Inc is falling or rising

CVE Cenovus Energy is falling or rising technical reasons

Technical analysis forecast of Cenovus Energy Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Cenovus Energy CVE at this time. Stock is rising and might rise more.

It appears as if Cenovus Energy CVE gave a large move recently.

Stock of Cenovus Energy (CVE) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Cenovus Energy is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Cenovus Energy stays above 17.6, but if it comes below 17.6, then a intra day sell could be more profitable.
If you take a sell trade below 17.6, then use 17.6 as stoploss and 17.15 as target. However if you take a buy trade in Cenovus Energy, then use 17.6 as stoploss and 18.1 as target.

CVE Cenovus Energy is falling or rising NEWS fundamental reasons

More announcements and NEWS

CVE Cenovus Energy Inc current price & indicator signals

Moving Averages for Cenovus Energy Inc

  • 5Day Average: 17.12
  • 12Day Average: 17.03
  • 20Day Average: 16.78
  • 50Day Average: 17.92
  • 100Day Average: 18.79
  • 150Day Average: 19.26
  • 200Day Average: 18.56

CVE Indicators & signals

Indicator MACD (12,26,9)

17.09, 17.27, -0.35
Indicator MACD is in negative zone

Indicator ADX (14)

7.14, 28.3, 24.53
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CVE Cenovus Energy Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Thu Oct 2024 17.84 17.16 to 17.85 3.6% 1.09 times
02 Wed Oct 2024 17.22 17.04 to 17.49 0.35% 0.82 times
01 Tue Oct 2024 17.16 16.52 to 17.30 2.57% 1.15 times
30 Mon Sep 2024 16.73 16.60 to 16.97 0.54% 0.84 times
27 Fri Sep 2024 16.64 16.37 to 16.70 2.15% 0.95 times
26 Thu Sep 2024 16.29 16.24 to 16.80 -4.18% 1.7 times
25 Wed Sep 2024 17.00 16.89 to 17.33 -2.07% 1.09 times
24 Tue Sep 2024 17.36 17.32 to 17.64 0.99% 0.79 times
23 Mon Sep 2024 17.19 17.06 to 17.55 0.47% 0.79 times
20 Fri Sep 2024 17.11 16.94 to 17.31 -0.64% 1.07 times
19 Thu Sep 2024 17.22 16.87 to 17.24 3.61% 0.8 times
18 Wed Sep 2024 16.62 16.46 to 16.92 -0.54% 1.03 times

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