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 for Cenovus Energy Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Cenovus Energy CVE at this time. Stock is falling and might fall more.

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

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

Although my analysis for Cenovus Energy is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 15.5, for a target of 15.8 or 16.04

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: 15.84
  • 12Day Average: 15.85
  • 20Day Average: 15.95
  • 50Day Average: 16.67
  • 100Day Average: 17.62
  • 150Day Average: 18.33
  • 200Day Average: 18.64

CVE Indicators & signals

Indicator MACD (12,26,9)

15.88, 16.16, -0.28
Indicator MACD is in negative zone

Indicator ADX (14)

30, 16.28, 30.23
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
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
26 Tue Nov 2024 15.48 15.31 to 15.80 0% 1.39 times
26 Tue Nov 2024 15.48 15.31 to 15.80 -2.27% 1.39 times
25 Mon Nov 2024 15.84 15.75 to 16.28 -2.16% 0.97 times
22 Fri Nov 2024 16.19 16.06 to 16.26 -0.06% 1.02 times
21 Thu Nov 2024 16.20 16.19 to 16.47 0.25% 0.99 times
20 Wed Nov 2024 16.16 15.97 to 16.26 0.69% 1.09 times
19 Tue Nov 2024 16.05 15.72 to 16.12 0.44% 0.65 times
18 Mon Nov 2024 15.98 15.68 to 16.02 2.3% 0.72 times
15 Fri Nov 2024 15.62 15.57 to 15.97 -1.39% 0.67 times
14 Thu Nov 2024 15.84 15.71 to 15.99 1.6% 1.39 times
13 Wed Nov 2024 15.59 15.27 to 15.87 -0.95% 1.12 times
12 Tue Nov 2024 15.74 15.65 to 16.06 -1.81% 0.92 times

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CVE NEWS why is Cenovus Energy Inc price falling or rising

 

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