NYSE:CVE Technical Analysis

Cenovus Energy Inc. — Technical Analysis & Chart Patterns

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Twelve formations appear in CVE's daily price history. A market structure shift (mss) / choch completed with a downward breakout on November 4, 2026; a p&f double top breakout completed with an upward breakout on October 13, 2026; an order block (ob), bullish completed with an upward breakout on October 13, 2026; a donchian breakout, bullish completed with an upward breakout on October 19, 2026; a mitigation block, bullish completed with an upward breakout on October 23, 2026; a head-and-shoulders top completed with a downward breakout on November 2, 2026; a donchian breakout, bearish completed with a downward breakout on November 4, 2026; a double top, Eve & Eve completed with a downward breakout on November 4, 2026; a long day, black printed a bearish signal on November 4, 2026; a Wyckoff markup phase has been under way since March 4, 2025; an elliott wave flat correction is currently forming and has not yet triggered; a marubozu, opening black printed a bearish signal on November 5, 2026.

Signal balance Bearish tilt 2 bullish (1.5) · 5 bearish (11)
Live signals only, weighted by each pattern's measured edge (proven counts double promising, which counts double unproven; confirmed breakouts count full, forming setups, phases and candles half). Trades that already resolved don't vote. 2 signals from negative-edge patterns excluded.

Patterns

last close, adjusted
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BREAKOUT UP
Wyckoff Markup Phase — Mar 4, 2025 to Nov 5, 2026
FORMING
Elliott Wave Flat Correction — Sep 15, 2026 to Nov 5, 2026
BREAKOUT DOWN
Marubozu, Opening Black — Nov 5, 2026 to Nov 5, 2026 · broke out on Nov 5, 2026
BREAKOUT DOWN
Long Day, Black — Nov 4, 2026 to Nov 4, 2026 · broke out on Nov 4, 2026
BREAKOUT DOWN
Donchian Breakout, Bearish — Oct 7, 2026 to Nov 3, 2026 · broke out on Nov 4, 2026
BREAKOUT DOWN
Double Top, Eve & Eve — Sep 15, 2026 to Nov 3, 2026 · broke out on Nov 4, 2026
BREAKOUT DOWN
Head-and-Shoulders Top — Aug 20, 2026 to Oct 30, 2026 · broke out on Nov 2, 2026
BREAKOUT UP
Mitigation Block, Bullish — Oct 2, 2026 to Oct 22, 2026 · broke out on Oct 23, 2026
BREAKOUT UP
Donchian Breakout, Bullish — Sep 21, 2026 to Oct 16, 2026 · broke out on Oct 19, 2026
BREAKOUT UP
Order Block (OB), Bullish — Oct 7, 2026 to Oct 13, 2026 · broke out on Oct 13, 2026
BREAKOUT UP
P&F Double Top Breakout — Oct 1, 2026 to Oct 12, 2026 · broke out on Oct 13, 2026
BREAKOUT DOWN
Market Structure Shift (MSS) / ChoCh — Jul 28, 2026 to Sep 15, 2026 · broke out on Nov 4, 2026
Detected on this chart: Wyckoff Markup Phase, Elliott Wave Flat Correction (forming now), Marubozu, Opening Black, Long Day, Black, Donchian Breakout, Bearish, Double Top, Eve & Eve, Head-and-Shoulders Top, Mitigation Block, Bullish, Donchian Breakout, Bullish, Order Block (OB), Bullish, P&F Double Top Breakout, Market Structure Shift (MSS) / ChoCh. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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