Ovintiv Stock Technical Analysis
OVV Stock | USD 45.42 0.07 0.15% |
As of the 30th of November, Ovintiv holds the Coefficient Of Variation of 1986.93, risk adjusted performance of 0.0451, and Semi Deviation of 2.04. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ovintiv, as well as the relationship between them. Please check Ovintiv downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if Ovintiv is priced some-what accurately, providing market reflects its current price of 45.42 per share. Given that Ovintiv has jensen alpha of 0.006, we recommend you to check out Ovintiv's recent market performance to make sure the company can sustain itself at a future point.
Ovintiv Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ovintiv, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OvintivOvintiv |
Ovintiv Analyst Consensus
Target Price | Advice | # of Analysts | |
58.7 | Strong Buy | 21 | Odds |
Most Ovintiv analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ovintiv stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ovintiv, talking to its executives and customers, or listening to Ovintiv conference calls.
Ovintiv technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Ovintiv Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ovintiv volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ovintiv Trend Analysis
Use this graph to draw trend lines for Ovintiv. You can use it to identify possible trend reversals for Ovintiv as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ovintiv price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ovintiv Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ovintiv applied against its price change over selected period. The best fit line has a slop of 0.09 , which may imply that Ovintiv will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 318.59, which is the sum of squared deviations for the predicted Ovintiv price change compared to its average price change.About Ovintiv Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ovintiv on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ovintiv based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ovintiv price pattern first instead of the macroeconomic environment surrounding Ovintiv. By analyzing Ovintiv's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ovintiv's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ovintiv specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0139 | 0.0186 | 0.0269 | 0.0343 | Price To Sales Ratio | 1.01 | 1.03 | 1.07 | 1.2 |
Ovintiv November 30, 2024 Technical Indicators
Most technical analysis of Ovintiv help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ovintiv from various momentum indicators to cycle indicators. When you analyze Ovintiv charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0451 | |||
Market Risk Adjusted Performance | 0.1454 | |||
Mean Deviation | 1.67 | |||
Semi Deviation | 2.04 | |||
Downside Deviation | 2.28 | |||
Coefficient Of Variation | 1986.93 | |||
Standard Deviation | 2.26 | |||
Variance | 5.1 | |||
Information Ratio | (0.01) | |||
Jensen Alpha | 0.006 | |||
Total Risk Alpha | (0.27) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.1354 | |||
Maximum Drawdown | 9.07 | |||
Value At Risk | (3.79) | |||
Potential Upside | 4.1 | |||
Downside Variance | 5.21 | |||
Semi Variance | 4.17 | |||
Expected Short fall | (1.78) | |||
Skewness | 0.2045 | |||
Kurtosis | 0.4006 |
Ovintiv November 30, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Ovintiv stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 14,633 | ||
Daily Balance Of Power | (0.12) | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 45.62 | ||
Day Typical Price | 45.55 | ||
Price Action Indicator | (0.23) |
Additional Tools for Ovintiv Stock Analysis
When running Ovintiv's price analysis, check to measure Ovintiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.