Analysis for Cenovus Energy
Description & usage
Cenovus Energy is a Canadian integrated oil company with upstream production and downstream refining assets. The business benefits from vertical integration and access to oil sands resources. Key drivers are crude pricing, refining margins, production costs, and capital discipline.
Basic info
- Symbol
- CVE.TO
- Type
- Stock
- Region
- Canada
- Sector
- Energy
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- CVE.TO
- Type
- Stock
- Region
- Canada
- Sector
- Energy
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Cenovus Energy (CVE.TO) currently has a total score of 75 points, placing it in the strong range. The score is made up of Performance (83), Stability (49) and Trend (95). The profile is clearly uneven: Trend stands out while Stability is more neutral.
Performance scores 83 points (very strong). Key strength: 1Y return at 84.4 %. Even the weakest return is still strong in absolute terms: 3Y return at 59.0 %.
Stability scores 49 points (neutral). Best-ranked metric: current drawdown at -0.8 %. Weaker metric: max drawdown (10Y) at -82.3 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 95 points (very strong). Key strength: Price is about 19.3 % above SMA50. Even the weakest metric remains solid in absolute terms: relative strength (12M) at 29.9 %.
Overall, the profile has a clear strength in Trend, while Stability is the main limiter. On a metric level, SMA50 distance stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For energy and oil-linked assets, higher Brent typically leans supportive.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.