RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OVV
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Ovintiv stock price ended at $51.90 on Thursday, after gaining 1.05%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 15.77% PDF

The Ovintiv stock price gained 1.05% on the last trading day (Thursday, 28th Mar 2024), rising from $51.36 to $51.90. During the last trading day the stock fluctuated 0.85% from a day low at $51.62 to a day high of $52.06. The price has risen in 7 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $155.36 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.74% during the next 3 months and, with a 90% probability hold a price between $63.31 and $70.95 at the end of this 3-month period.

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OVV Signals & Forecast

The Ovintiv stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $51.44 and $48.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 28.88%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ovintiv stock

Ovintiv finds support from accumulated volume at $50.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.440 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $50.00 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (OVV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ovintiv Inc. to open at $51.86, and during the day (based on 14 day Average True Range), to move between $50.93 and $52.87, which gives a possible trading interval of +/-$0.97 (+/-1.86%) up or down from last closing price. If Ovintiv Inc. takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $50.46, some $1.44 (2.77%) from the current price of $51.90, our system finds the risk reward attractive.

Is Ovintiv Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ovintiv stock to perform well in the short-term.

Current score: 4.707 Buy Candidate Unchanged

Predicted Opening Price for Ovintiv Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$51.86 ( 0.0771%) $51.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OVV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.30 0.771 %
R2 52.13 0.447 %
R1 52.03 0.247 %
Current price: 51.90
Support S1 51.69 -0.401 %
S2 51.59 -0.601 %
S3 51.42 -0.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 51.90
Support S1 50.46 -2.77%
S2 49.20 -5.20%
S3 47.85 -7.80%

OVV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Mar 14, 2024 Mar 28, 2024 $0.300 0.578%
2 Nov 07, 2023 Dec 14, 2023 Dec 29, 2023 $0.300 0.683%
3 Jul 27, 2023 Sep 14, 2023 Sep 29, 2023 $0.300 0.631%
4 Apr 02, 2023 Jun 14, 2023 Sep 29, 2023 $0.300 0.631%
5 Feb 27, 2023 Mar 14, 2023 Mar 31, 2023 $0.250 0.693%

FAQ

What is the symbol for Ovintiv Stock and on which exchange is it traded?
The symbol for Ovintiv is OVV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ovintiv Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ovintiv stock to perform well in the short-term.

How to buy Ovintiv Stock?
Ovintiv Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ovintiv Stock.

What's the current price of Ovintiv Stock?
As of the end of day on the 2024-03-28, the price of an Ovintiv (OVV) share was $51.90.

What is the 52-week high and low for Ovintiv Stock?
The 52-week high for Ovintiv Stock is $52.09 and the 52-week low is $32.07.

What is the market capitalization of Ovintiv Stock?
As of the 2024-03-28, the market capitalization of Ovintiv is 13.988B.

When is the next earnings date for Ovintiv?
The upcoming earnings date for Ovintiv is May 14, 2024.
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About Ovintiv Inc.

Ovintiv Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise ... OVV Profile

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