Technical Review of Cenovus Energy Inc. (NYSE:CVE)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Cenovus Energy Inc. (NYSE:CVE) for the period of 9-Day stands at 89.54% while the stochastic %D for the same period stands at 92.12%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Cenovus Energy Inc. (NYSE:CVE) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Cenovus Energy Inc. (NYSE:CVE) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indictor of a certain security, currently Cenovus Energy Inc. (NYSE:CVE)’s 20-Day Bollinger Band indicates “Hold”.

Previous Day Activity Analysis

On the last trading day, Cenovus Energy Inc. (NYSE:CVE) opened the session at $9.05 and after going up 1.11% closed at $9.14. The stock gained 0.09 points in the last trade.

Cenovus Energy Inc. (NYSE:CVE)’s stock fluctuated in the range of $8.99 and $9.15 during the previous active session. Cenovus Energy Inc. (NYSE:CVE) traded with the volume of 3.54 Million with average volume of 5.02 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 0.58 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.26 and 72.26 respectively.

Currently the Insider Ownership of the shares of Cenovus Energy Inc. (NYSE:CVE) is at 0.1% and the shares outstanding are 1.24 Billion.

Important Ratio Analysis

Some important ratios to consider here for Cenovus Energy Inc. (NYSE:CVE) are discussed below:

Dividend yield of Cenovus Energy Inc. (NYSE:CVE) stands at 1.64% whereas Price to Earnings P/E ratio stands at 4.77 while Forward P/E shows the value of 83.09.

The PEG ratio (Price to Earning to Growth) emits the value of 0. The Price to Sale P/S and Price to Book P/B shows the value of 0.95 and 0.63 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 28.22 and 7.82 correspondingly.

The Quick Ratio of Cenovus Energy Inc. (NYSE:CVE) stands at 1.2 while the Current Ratio depicts the value of 1.4.

Return on Assets ROA of Cenovus Energy Inc. (NYSE:CVE) is at 9% whereas, Return on Equity ROE and Return of Investment ROI of Cenovus Energy Inc. (NYSE:CVE) stand at 19.8% and 0.2% respectively.

The payout ratio of Cenovus Energy Inc. (NYSE:CVE) stands at 8.4%.

Stock Performance Analysis

The stock performance of Cenovus Energy Inc. (NYSE:CVE) on the basis of 5 day trade show the jump of 9.33% whereas, the monthly performance of the stock shows increase of 22.68%.

The quarterly performance of the stock remained in green zone with the value of 17.33% while six month performance of the shares of Cenovus Energy Inc. (NYSE:CVE) remained bearish with the count of -27%.

The yearly and YTD performance of Cenovus Energy Inc. (NYSE:CVE) remained down at -32.5% and -39.59% respectively.