CVE Technical Signal Analysis
CVE have 1 buy signal and 3 sell signals now. The current trend is consolidation starting from 2025-03-04. The total price change during this trend is +6.78%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of CVE over last 5 trading day is $189,268,260.54
1 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.36
Bearish
Momentum (10 days)
MOM_10 < 0
-0.68
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.56
Bearish
1 Bullish Signal
Name
Signal
Value
Meaning
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
CVE Support and Resistance Level
The support levels for CVE are at 12.23, 11.78, and 11.05, while the resistance levels are at 13.69, 14.14, and 14.87. With the current stock price at 13.07, it is leaning more toward the resistance levels.
CVE Technical Analysis
Technical Analysis of CVE Stock
**Current Price and Trend:
The current price of CVE stock is $12.69 as of the latest available data. The stock is currently in a bearish trend, with the price trading below its 50-day and 200-day moving averages.
Key Technical Indicators:
- RSI (14-period): 31.99 (Oversold Territory)
- MACD: -0.65 (Bearish Signal)
- Stochastic Oscillator: K=14.30, D=9.86 (Oversold)
- Fibonacci Pivot: $13.37 (Current Price Below Pivot)
**Support and Resistance Levels:
- Immediate Support: $12.34
- Immediate Resistance: $14.39
- Pivot Point: $13.37
**Recommendation:
Based on the technical analysis, CVE stock is currently oversold and may present a buying opportunity at current levels. However, the stock is likely to face resistance at the Fibonacci pivot point of $13.37.
Conclusion:
Buy CVE stock at the current price of $12.69, with a target price of $14.39 and a stop-loss at $12.34.
CVE FAQs
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Which bearish technical signals does CVE have?
How reliable is technical analysis?
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Is CVE a buy based on overall technical signals summary?
CVE Buy or Sell
CVE has 1 buy signals and 3 sell signals now. Overall the technical rating for CVE is Sell.
Sell
Sell
3
Buy
1
CVE Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 13.07 above the SMA_5. In the short term, the stock shows a negative trend with the 12.89 below the SMA_20. In the mid term, the stock shows a negative trend with the 13.8 below the SMA_60. In the long term, the stock shows a negative trend with the 14.56 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about CVE's current trend?What are CVE's key support and resistance levels?