Cenovus Energy Inc (CVE)

Cenovus Energy Inc is trading at $32.20, up 0.22% on the session. The 50 day average sits at $27.57 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 64.9, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $27.70 with resistance near $32.07, so that band frames the current range. Average daily movement is roughly $0.98, or about 3.0% of the share price, which is what any stop placement has to allow for. The overall health score of 72 out of 100 combines a trend score of 68, momentum of 87 and a risk score of 56.

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region. It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex; owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants; fuels business; and refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.