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Takip Edin: @UscMarketsOVV Stock Forecast & Ovintiv Chart Analysis
This article provides a detailed analysis of OVV-Ovintiv Inc. stock including a forecast for OVV shares. It features Ovintiv Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
OVV Historical Data Review
OVV Current Price Performance Analysis
The Ovintiv - OVV stock traded on the American stock market, on 06-05-2024, closed at 47.62$ with a %0.23 increased compared to the previous day.
In the last month, the price of OVV changed by %-9.14 decreased in value, from 52.41 dollars on 05-06-2024 to 47.62 dollars, decreased.
Last year, the price of OVV was 36.46 dollars on 06-06-2023, and changed by %30.61 increased in value, to 47.62 dollars increased within a year.
The price of Ovintiv stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
OVV with AI Stock Forecast & Price Target
On the OVV chart Ovintiv price was recorded as 47.62 Dollars on 06/05/2024.
The artificial intelligence's forecast on OVV stock is as follows.
The artificial intelligence's prediction error margin for OVV stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Ovintiv stock over the next 4 months is: 41.8 Dollars.
The commentary on OVV stock Target Price: Highest: 47.887 Dollars is predicted.
The commentary on OVV stock Target Price: Lowest: 34.667 Dollars is predicted.
Resistance Price where Ovintiv stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 40.119 |
| 02-25-2025 | 47.887 |
Support Price where Ovintiv stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 38.492 |
| 10-28-2024 | 34.667 |
| 03-27-2025 | 45.473 |
The commentary on OVV stock: Fluctuations in the target price can be expected in the coming days.
The target price for Ovintiv stock by the end of 2024 is predicted to be 41.505 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on OVV stock, and the 2024 target price predictions for Ovintiv are detailed above.
The technical analysis and charts for the commentary on OVV stock are below.
OVV Support & Resistance and Trend Analysis
OVV stock you have reviewed the technical analysis support resistance charts regarding.
OVV : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the OVV review, the Ovintiv support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Ovintiv Support and Resistance Prices:
| OVV Support Level Price | OVV Resistance Level Price |
|---|---|
| 39.68 | 43.67 |
| 40.37 | 45.41 |
| 40.55 | 45.67 |
| 40.78 | 45.81 |
| 41.47 | 51.72 |
| 43.02 | 52.09 |
| 47.06 | 53.57 |
| 49.97 | 55.95 |
| 50.17 |
OVV Technical Analysis: SMA, RSI, MACD
Upon reviewing the OVV chart, buy and sell signals have been generated in the Ovintiv technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for OVV stock are as follows:- OVV technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Ovintiv gave a 'Buy' signal when the RSI was at 29.898, with the current RSI value at 38.783.
- The technical analysis for Ovintiv indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Ovintiv stock: Click here to read more predictions on Ryan Specialty Holdings stock.
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