Cenovus Energy Stock Technical Analysis
CVE Stock | USD 20.85 0.19 0.92% |
As of the 19th of April, Cenovus Energy shows the Mean Deviation of 1.1, risk adjusted performance of 0.1917, and Downside Deviation of 1.49. Cenovus Energy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Cenovus Energy, which can be compared to its peers. Please confirm Cenovus Energy jensen alpha, as well as the relationship between the potential upside and skewness to decide if Cenovus Energy is priced correctly, providing market reflects its regular price of 20.85 per share. Given that Cenovus Energy has jensen alpha of 0.4096, we suggest you to validate Cenovus Energy's prevailing market performance to make sure the company can sustain itself at a future point.
Cenovus Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cenovus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CenovusCenovus |
Cenovus Energy Analyst Consensus
Target Price | Advice | # of Analysts | |
22.07 | Strong Buy | 19 | Odds |
Most Cenovus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cenovus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cenovus Energy, talking to its executives and customers, or listening to Cenovus conference calls.
Cenovus Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Cenovus Energy Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cenovus Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cenovus Energy Trend Analysis
Use this graph to draw trend lines for Cenovus Energy. You can use it to identify possible trend reversals for Cenovus Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cenovus Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cenovus Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cenovus Energy applied against its price change over selected period. The best fit line has a slop of 0.10 , which may imply that Cenovus Energy will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 414.57, which is the sum of squared deviations for the predicted Cenovus Energy price change compared to its average price change.About Cenovus Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cenovus Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cenovus Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cenovus Energy price pattern first instead of the macroeconomic environment surrounding Cenovus Energy. By analyzing Cenovus Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cenovus Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cenovus Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 (projected) | Dividend Yield | 0.006655 | 0.0181 | 0.0246 | Price To Sales Ratio | 0.65 | 0.71 | 0.8 |
Cenovus Energy April 19, 2024 Technical Indicators
Most technical analysis of Cenovus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cenovus from various momentum indicators to cycle indicators. When you analyze Cenovus charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1917 | |||
Market Risk Adjusted Performance | 0.4843 | |||
Mean Deviation | 1.1 | |||
Semi Deviation | 0.9307 | |||
Downside Deviation | 1.49 | |||
Coefficient Of Variation | 332.98 | |||
Standard Deviation | 1.59 | |||
Variance | 2.53 | |||
Information Ratio | 0.2572 | |||
Jensen Alpha | 0.4096 | |||
Total Risk Alpha | 0.3167 | |||
Sortino Ratio | 0.2736 | |||
Treynor Ratio | 0.4743 | |||
Maximum Drawdown | 10.68 | |||
Value At Risk | (1.91) | |||
Potential Upside | 2.67 | |||
Downside Variance | 2.23 | |||
Semi Variance | 0.8662 | |||
Expected Short fall | (1.26) | |||
Skewness | 0.9652 | |||
Kurtosis | 4.67 |
Cenovus Energy April 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Cenovus stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 161,845 | ||
Daily Balance Of Power | 0.36 | ||
Rate Of Daily Change | 1.01 | ||
Day Median Price | 20.84 | ||
Day Typical Price | 20.84 | ||
Price Action Indicator | 0.11 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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Is Cenovus Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 0.525 | Earnings Share 1.54 | Revenue Per Share 27.541 | Quarterly Revenue Growth (0.07) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.