CVE Price Prediction, Cenovus Energy AI Recommendations

CVE sees MACD Histogram crosses below signal line

CVE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 10, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In 32 of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 76%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 13, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CVE as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

CVE moved below its 50-day moving average on June 16, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CVE crossed bearishly below the 50-day moving average on June 27, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CVE's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where CVE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVE advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

CVE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 263 cases where CVE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CVE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CVE's P/B Ratio (2.008) is slightly higher than the industry average of (1.119). P/E Ratio (25.000) is within average values for comparable stocks, (16.588). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.638). Dividend Yield (0.008) settles around the average of (0.140) among similar stocks. P/S Ratio (0.884) is also within normal values, averaging (4.853).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

CVE is expected to report earnings to rise 29.17% to 79 cents per share on July 28

Q2'22

Est.

$0.79

Q1'22

Beat

by $0.22

Q4'21

Est.

$-0.16

Q3'21

Missed

by $0.14

Q2'21

Missed

by $0.17

CVE paid dividends on December 31, 2021