CVE Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Cenovus Energy Inc (CVE.N) Moving Averages Convergence Divergence (MACD) indicator is 0.566, suggesting CVE.N is Strong buy.

Cenovus Energy Inc (CVE.N) 20-Day simple moving average is 17.67, while Cenovus Energy Inc (CVE.N) share price is $20.1, making it Buy.

Cenovus Energy Inc (CVE.N) 60-Day simple moving average is 17.575, while Cenovus Energy Inc (CVE.N) share price is $20.1, making it Buy.

Technical Analysis for CVE

Technical Sentiment Analysis for Cenovus Energy Inc (CVE) As of 2026-01-28, Cenovus Energy Inc (CVE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 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 70.648, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 0.566, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 97.741 and the Commodity Channel Index (CCI) at 149.281 further confirm a 2.19 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CVE is trading above its 60-day moving average of $17.575 and above its 200-day long-term moving average of $15.692. Key price levels to watch include the immediate resistance at $19.806 and strong support at $17.506. A break above $19.806 could signal a bull continuation, while falling below $17.506 may test the next Fibonacci floor at $16.401.

Cenovus Energy Inc (CVE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.206	16.401	17.506	18.701	19.806	21.001	22.106
Fibonacci	16.401	17.279	17.822	18.701	19.579	20.122	21.001

Cenovus Energy Inc (CVE) Technical Indicators

2026-01-28

Name	Value
RSI_14	70.648
STOCHk_14_3_3	97.741
STOCHd_14_3_3	96.005
CCI_20	149.281
AO_5_34	1.582
MOM_10	2.19
MACD_12_26_9	0.566

Cenovus Energy Inc (CVE) Relative Strength Index (RSI) is 70.648, creating a Sell signal.

Cenovus Energy Inc (CVE) Stochastic Oscillator is 97.741, creating a Sell signal.

Cenovus Energy Inc (CVE) Stochastic RSI is 96.005, creating a Sell signal.

Cenovus Energy Inc (CVE) Commodity Channel Index (CCI) is 149.281, creating a Sell signal.

Cenovus Energy Inc (CVE) Awesome Oscillator is 1.582, creating a Buy signal.

Cenovus Energy Inc (CVE) Momentum is 2.19, creating a Buy signal.

Cenovus Energy Inc (CVE) MACD is 0.566, creating a Buy signal.

Cenovus Energy Inc (CVE) Moving Average

2026-01-28

Period	Simple	Signal
MA_5	19.082	Buy
MA_10	18.612	Buy
MA_20	17.67	Buy
MA_60	17.575	Buy
MA_200	15.692	Buy
MA_250	15.312	Buy

Cenovus Energy Inc (CVE) 5-Day simple moving average is 19.082, while Cenovus Energy Inc (CVE) share price is $20.1, making it a Buy.

Cenovus Energy Inc (CVE) 10-Day simple moving average is 18.612, while Cenovus Energy Inc (CVE) share price is $20.1, making it a Buy.

Cenovus Energy Inc (CVE) 20-Day simple moving average is 17.67, while Cenovus Energy Inc (CVE) share price is $20.1, making it a Buy.

Cenovus Energy Inc (CVE) 60-Day simple moving average is 17.575, while Cenovus Energy Inc (CVE) share price is $20.1, making it a Buy.

Cenovus Energy Inc (CVE) 200-Day simple moving average is 15.692, while Cenovus Energy Inc (CVE) share price is $20.1, making it a Buy.

Cenovus Energy Inc (CVE) 250-Day simple moving average is 15.312, while Cenovus Energy Inc (CVE) share price is $20.1, 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 Inc (CVE) is currently strong buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 5 sell signals.

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

Based on pivot point calculations, Cenovus Energy Inc (CVE) has an immediate support level at 17.506 and a major resistance level at 19.806. Traders also monitor the pivot point at 18.701 to determine the intraday trend direction.

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

The Relative Strength Index (RSI) for Cenovus Energy Inc (CVE) is currently 70.648. This indicates that the stock is in overbought territory (typically, a value below 30 is oversold and above 70 is overbought).

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

Cenovus Energy Inc (CVE) Moving Averages Convergence Divergence (MACD) indicator is 0.566, suggesting CVE is strong buy. This indicator helps identify potential trend reversals or momentum shifts for Cenovus Energy Inc.

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

Cenovus Energy Inc (CVE)is currently trading at $20.1, which is above its 200-day simple moving average of 15.692. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.