CVE Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Cenovus Energy Incorporation (CVE) Moving Averages Convergence Divergence (MACD) indicator is 0.362, suggesting CVE is Strong Buy.

Cenovus Energy Incorporation (CVE) 20-Day simple moving average is 29.617, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it Sell.

Cenovus Energy Incorporation (CVE) 60-Day simple moving average is 26.84, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it Buy.

Technical Analysis for CVE

Technical Sentiment Analysis for Cenovus Energy Incorporation (CVE) As of 2026-05-29, Cenovus Energy Incorporation (CVE) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 9 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CVE stands at 42.253, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.362, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 7.28 and the Commodity Channel Index (CCI) at -142.556 further confirm a -2.58 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CVE is trading above its 60-day moving average of $26.84 and above its 200-day long-term moving average of $20.605. Key price levels to watch include the immediate resistance at $32.113 and strong support at $27.403. A break above $32.113 could signal a bull continuation, while falling below $27.403 may test the next Fibonacci floor at $25.026.

Cenovus Energy Incorporation (CVE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	22.693	25.026	27.403	29.736	32.113	34.446	36.823
Fibonacci	25.026	26.826	27.937	29.736	31.536	32.647	34.446

Cenovus Energy Incorporation (CVE) Technical Indicators

2026-05-29

Name	Value
RSI_14	42.253
STOCHk_14_3_3	7.28
STOCHd_14_3_3	18.375
CCI_20	-142.556
AO_5_34	0.548
MOM_10	-2.58
MACD_12_26_9	0.362

Cenovus Energy Incorporation (CVE) Relative Strength Index (RSI) is 42.253, creating a Neutral signal.

Cenovus Energy Incorporation (CVE) Stochastic Oscillator is 7.28, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Stochastic RSI is 18.375, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Commodity Channel Index (CCI) is -142.556, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Awesome Oscillator is 0.548, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Momentum is -2.58, creating a Sell signal.

Cenovus Energy Incorporation (CVE) MACD is 0.362, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Moving Average

2026-05-29

Period	Simple	Signal
MA_5	28.554	Sell
MA_10	29.779	Sell
MA_20	29.617	Sell
MA_60	26.84	Buy
MA_200	20.605	Buy
MA_250	19.344	Buy

Cenovus Energy Incorporation (CVE) 5-Day simple moving average is 28.554, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it a Sell.

Cenovus Energy Incorporation (CVE) 10-Day simple moving average is 29.779, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it a Sell.

Cenovus Energy Incorporation (CVE) 20-Day simple moving average is 29.617, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it a Sell.

Cenovus Energy Incorporation (CVE) 60-Day simple moving average is 26.84, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it a Buy.

Cenovus Energy Incorporation (CVE) 200-Day simple moving average is 20.605, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it a Buy.

Cenovus Energy Incorporation (CVE) 250-Day simple moving average is 19.344, while Cenovus Energy Incorporation (CVE) share price is $27.57, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for CVE?

The overall technical consensus for Cenovus Energy Incorporation (CVE) is currently Strong Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 6 buy signals and 2 sell signals.

What are the key support and resistance levels for Cenovus Energy Incorporation (CVE) today?

Based on pivot point calculations, Cenovus Energy Incorporation (CVE) has an immediate support level at 27.403 and a major resistance level at 32.113. Traders also monitor the pivot point at 29.736 to determine the intraday trend direction.

Is Cenovus Energy Incorporation (CVE) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Cenovus Energy Incorporation (CVE) is currently 42.253. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Cenovus Energy Incorporation (CVE)?

Cenovus Energy Incorporation (CVE) Moving Averages Convergence Divergence (MACD) indicator is 0.362, suggesting CVE is Strong Buy. This indicator helps identify potential trend reversals or momentum shifts for Cenovus Energy Incorporation.

How is Cenovus Energy Incorporation (CVE) performing relative to its 200-day moving average?

Cenovus Energy Incorporation (CVE) is currently trading at $27.57, which is above its 200-day simple moving average of 20.605. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.