Meanwhile, National Bank Financial downgraded its Cenovus Energy Inc [CVE] rating to a Sector perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “a Buy”. Scotiabank also remained covering CVE and has increased its forecast on September 06, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. UBS started covering the stock on July 12, 2023. It rated CVE as “a Neutral”.
Price Performance Review of CVE
On Friday, Cenovus Energy Inc [NYSE:CVE] saw its stock jump 3.76% to $13.24. Over the last five days, the stock has gained 9.97%. Cenovus Energy Inc shares have fallen nearly -12.61% since the year began. Nevertheless, the stocks have fallen -35.44% over the past one year. While a 52-week high of $21.08 was reached on 01/10/25, a 52-week low of $10.23 was recorded on 04/09/25. SMA at 50 days reached $12.65, while 200 days put it at $15.49.
Levels Of Support And Resistance For CVE Stock
The 24-hour chart illustrates a support level at 12.98, which if violated will result in even more drops to 12.72. On the upside, there is a resistance level at 13.40. A further resistance level may holdings at 13.56. The Relative Strength Index (RSI) on the 14-day chart is 60.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.53%. Stochastics %K at 67.31% indicates the stock is a holding.
