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 0.77, suggesting CVE.N is Strong buy.

Cenovus Energy Inc (CVE.N) 20-Day simple moving average is 18.844, while Cenovus Energy Inc (CVE.N) share price is $20.57, making it Buy.

Cenovus Energy Inc (CVE.N) 60-Day simple moving average is 17.921, while Cenovus Energy Inc (CVE.N) share price is $20.57, making it Buy.

Technical Analysis for CVE

Technical Sentiment Analysis for Cenovus Energy Inc (CVE) As of 2026-02-06, Cenovus Energy Inc (CVE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 11 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CVE stands at 66.123, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.77, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 83.173 and the Commodity Channel Index (CCI) at 106.414 further confirm a 1.8 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CVE is trading above its 60-day moving average of $17.921 and above its 200-day long-term moving average of $15.982. Key price levels to watch include the immediate resistance at $20.823 and strong support at $18.728. A break above $20.823 could signal a bull continuation, while falling below $18.728 may test the next Fibonacci floor at $17.627.

Cenovus Energy Inc (CVE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	16.633	17.627	18.728	19.722	20.823	21.817	22.918
Fibonacci	17.627	18.427	18.921	19.722	20.522	21.016	21.817

Cenovus Energy Inc (CVE) Technical Indicators

2026-02-06

Name	Value
RSI_14	66.123
STOCHk_14_3_3	83.173
STOCHd_14_3_3	78.711
CCI_20	106.414
AO_5_34	1.951
MOM_10	1.8
MACD_12_26_9	0.77

Cenovus Energy Inc (CVE) Relative Strength Index (RSI) is 66.123, creating a Neutral signal.

Cenovus Energy Inc (CVE) Stochastic Oscillator is 83.173, creating a Sell signal.

Cenovus Energy Inc (CVE) Stochastic RSI is 78.711, creating a Neutral signal.

Cenovus Energy Inc (CVE) Commodity Channel Index (CCI) is 106.414, creating a Sell signal.

Cenovus Energy Inc (CVE) Awesome Oscillator is 1.951, creating a Buy signal.

Cenovus Energy Inc (CVE) Momentum is 1.8, creating a Buy signal.

Cenovus Energy Inc (CVE) MACD is 0.77, creating a Buy signal.

Cenovus Energy Inc (CVE) Moving Average

2026-02-06

Period	Simple	Signal
MA_5	19.996	Buy
MA_10	19.83	Buy
MA_20	18.844	Buy
MA_60	17.921	Buy
MA_200	15.982	Buy
MA_250	15.46	Buy

Cenovus Energy Inc (CVE) 5-Day simple moving average is 19.996, while Cenovus Energy Inc (CVE) share price is $20.57, making it a Buy.

Cenovus Energy Inc (CVE) 10-Day simple moving average is 19.83, while Cenovus Energy Inc (CVE) share price is $20.57, making it a Buy.

Cenovus Energy Inc (CVE) 20-Day simple moving average is 18.844, while Cenovus Energy Inc (CVE) share price is $20.57, making it a Buy.

Cenovus Energy Inc (CVE) 60-Day simple moving average is 17.921, while Cenovus Energy Inc (CVE) share price is $20.57, making it a Buy.

Cenovus Energy Inc (CVE) 200-Day simple moving average is 15.982, while Cenovus Energy Inc (CVE) share price is $20.57, making it a Buy.

Cenovus Energy Inc (CVE) 250-Day simple moving average is 15.46, while Cenovus Energy Inc (CVE) share price is $20.57, 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 Inc (CVE) is currently strong buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 5 buy signals and 3 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 18.728 and a major resistance level at 20.823. Traders also monitor the pivot point at 19.722 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 66.123. 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 Inc (CVE)?

Cenovus Energy Inc (CVE) Moving Averages Convergence Divergence (MACD) indicator is 0.77, 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 $20.57, which is above its 200-day simple moving average of 15.982. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.