Stock Trading Monitor: Cenovus Energy Inc. (NYSE:CVE) EMA 50 Reading is 11.180807

Investors may be combing through all the latest company earnings reports. They may be trying to figure out which companies look like they are going to be strong over the next few quarters. Earnings reports have the ability to cause dramatic stock price swings. Many investors will stay away from making any big trades around earnings announcements. When the dust settles, it may be much easier to determine whether a stock is worth buying or if it should be sold. Keeping a close eye on historical earnings results can provide some good insight. Companies that consistently produce solid earnings may be worth looking into further, especially if the investor is on the fence about getting into the name.

Investors tracking shares of Cenovus Energy Inc. (NYSE:CVE) will note that since the stock opened at 12.13, shares have seen a change of 0.025. During that period, the stock has touched a low of 12.09 and tipped a high of 12.22. Volume on the day is presently 751500. 

Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 11.529658 and the 20 day upper band at 11.915261 for Cenovus Energy Inc. (NYSE:CVE). During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.

The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels below:

Simple Moving Average 20 day: 11.785
Simple Moving Average 100 day: 10.5083
Simple Moving Average 10 day12.008
Simple Moving Average 50 day: 10.9234
Simple Moving Average 30 day: 11.357
Simple Moving Average 200 day: 10.701325

The 20 day Chaikin Money Flow indicator is currently 0.21752863. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.

Investors are constantly trying to set themselves up for success when dealing with the stock market. This may mean tracking the market from a variety of alternate angles. Keeping tabs on the overall economic climate can help provide valuable insight. Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Making sense of the seemingly endless amount of data can be quite a challenge for the investor. Once investors become familiar with the data, they can start to devise a plan to help use the information to their advantage. Even though thousands of investors will have access to the same set of data, learning how to trade the data can be extremely important. 

Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages, we note that the 200 day is 10.952866, the 100 day is 10.875082, and the 50 day is 11.180807. Zooming in closer, we note that the 30 day EMA is 11.493454, the 20 day is 11.72246, and the 10 day is noted at 11.982459.

Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for Cenovus Energy Inc. (NYSE:CVE, we can see that the all time high is currently 39.64, and the all time low is 8.74. Let’s look at some alternate high/low price data:

Six month low: 8.74
Six month high: 13.63
One year low: 8.74
One year high: 14.84
Three month low: 8.74
Three month high: 12.25
One month low: 9.62
One month high: 12.25

Traders might be keeping tabs on the Hull Moving Average. The current HMA reading is 12.121463. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.

Investors are always striving to make wiser decisions when it comes to handling the markets. There are so many options available, and that can make things more complex. Beginning with a solid approach can help ease the investor’s initial foray into the stock market. Accumulating market knowledge may take a lot of time and effort. Many investors may find out the hard way that there is no easy way to beat the markets. Many investors are teased with investment tips from friends or colleagues. It can be very tempting to take advice from someone who has a track record of beating the market. However, the old saying remains the same; past results may not indicate future results. Investors may find that doing their own research can provide a huge boost to portfolio performance.