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 1.054, suggesting CVE is Strong Buy.

Cenovus Energy Incorporation (CVE) 20-Day simple moving average is 27.385, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it Buy.

Cenovus Energy Incorporation (CVE) 60-Day simple moving average is 25.227, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it Buy.

Technical Analysis for CVE

Technical Sentiment Analysis for Cenovus Energy Incorporation (CVE) As of 2026-05-11, Cenovus Energy Incorporation (CVE) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 11 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CVE stands at 62.301, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.054, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 62.286 and the Commodity Channel Index (CCI) at 71.354 further confirm a 2.35 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CVE is trading above its 60-day moving average of $25.227 and above its 200-day long-term moving average of $19.635. Key price levels to watch include the immediate resistance at $30.895 and strong support at $27.079. A break above $30.895 could signal a bull continuation, while falling below $27.079 may test the next Fibonacci floor at $25.146.

Cenovus Energy Incorporation (CVE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	23.263	25.146	27.079	28.962	30.895	32.778	34.711
Fibonacci	25.146	26.604	27.504	28.962	30.42	31.32	32.778

Cenovus Energy Incorporation (CVE) Technical Indicators

2026-05-11

Name	Value
RSI_14	62.301
STOCHk_14_3_3	62.286
STOCHd_14_3_3	67.911
CCI_20	71.354
AO_5_34	2.2
MOM_10	2.35
MACD_12_26_9	1.054

Cenovus Energy Incorporation (CVE) Relative Strength Index (RSI) is 62.301, creating a Neutral signal.

Cenovus Energy Incorporation (CVE) Stochastic Oscillator is 62.286, creating a Neutral signal.

Cenovus Energy Incorporation (CVE) Stochastic RSI is 67.911, creating a Neutral signal.

Cenovus Energy Incorporation (CVE) Commodity Channel Index (CCI) is 71.354, creating a Neutral signal.

Cenovus Energy Incorporation (CVE) Awesome Oscillator is 2.2, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Momentum is 2.35, creating a Buy signal.

Cenovus Energy Incorporation (CVE) MACD is 1.054, creating a Buy signal.

Cenovus Energy Incorporation (CVE) Moving Average

2026-05-11

Period	Simple	Signal
MA_5	29.092	Buy
MA_10	29.012	Buy
MA_20	27.385	Buy
MA_60	25.227	Buy
MA_200	19.635	Buy
MA_250	18.497	Buy

Cenovus Energy Incorporation (CVE) 5-Day simple moving average is 29.092, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it a Buy.

Cenovus Energy Incorporation (CVE) 10-Day simple moving average is 29.012, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it a Buy.

Cenovus Energy Incorporation (CVE) 20-Day simple moving average is 27.385, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it a Buy.

Cenovus Energy Incorporation (CVE) 60-Day simple moving average is 25.227, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it a Buy.

Cenovus Energy Incorporation (CVE) 200-Day simple moving average is 19.635, while Cenovus Energy Incorporation (CVE) share price is $29.13, making it a Buy.

Cenovus Energy Incorporation (CVE) 250-Day simple moving average is 18.497, while Cenovus Energy Incorporation (CVE) share price is $29.13, 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 5 buy signals and 0 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 27.079 and a major resistance level at 30.895. Traders also monitor the pivot point at 28.962 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 62.301. 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 1.054, 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 $29.13, which is above its 200-day simple moving average of 19.635. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.