Technical Analysis for OVV - Ovintiv Inc. (DE)

Grade Last Price % Change Price Change
D 49.98 0.40% 0.20
OVV closed up 0.4 percent on Wednesday, May 15, 2024, on 86 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
4 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Multiple of Ten Bearish Other 0.00%
Oversold Stochastic Weakness 0.00%
Doji - Bullish? Reversal 0.40%
Lower Bollinger Band Walk Weakness 0.40%
Multiple of Ten Bearish Other 0.40%
BB Squeeze Ended Range Expansion 0.40%
Down 3 Days in a Row Weakness 0.40%

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Profile

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets in Anadarko basin, located in west-central Oklahoma; the Permian basin located in the prolific, Midland Basin in Texas; and the Montney basin located in western Canada. It also holds positions in various plays, including the Bakken, Duvernay, Eagle Ford, and Uinta basins. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was founded in 1971 and is based in Denver, Colorado.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Natural Gas Liquids S&P/Tsx 60 Index Permian Basin Bakken Anadarko Basin Western Canadian Sedimentary Basin Structural Basin Duvernay Formation

Is OVV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 55.95
52 Week Low 31.4541
Average Volume 3,166,308
200-Day Moving Average 46.72
50-Day Moving Average 51.90
20-Day Moving Average 51.61
10-Day Moving Average 50.88
Average True Range 1.20
RSI (14) 39.02
ADX 27.96
+DI 15.17
-DI 30.70
Chandelier Exit (Long, 3 ATRs) 49.98
Chandelier Exit (Short, 3 ATRs) 52.94
Upper Bollinger Bands 53.97
Lower Bollinger Band 49.25
Percent B (%b) 0.16
BandWidth 9.15
MACD Line -0.54
MACD Signal Line -0.21
MACD Histogram -0.3236
Fundamentals Value
Market Cap 13.58 Billion
Num Shares 272 Million
EPS 9.97
Price-to-Earnings (P/E) Ratio 5.01
Price-to-Sales 1.03
Price-to-Book 1.18
Dividend 1.10
Dividend Yield 2.20%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.78
Resistance 3 (R3) 51.77 51.16 51.48
Resistance 2 (R2) 51.16 50.70 51.17 51.38
Resistance 1 (R1) 50.57 50.42 50.87 50.58 51.28
Pivot Point 49.96 49.96 50.11 49.97 49.96
Support 1 (S1) 49.37 49.50 49.67 49.38 48.68
Support 2 (S2) 48.76 49.22 48.77 48.58
Support 3 (S3) 48.17 48.76 48.48
Support 4 (S4) 48.18