The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
As of today (2026-07-01), Cenovus Energy's 9-Day RSI is 34.51.
The industry rank for Cenovus Energy's 9-Day RSI or its related term are showing as below:
TSX:CVE's 9-Day RSI is ranked better than 65.34% of 1053
companies
in the Oil & Gas industry
Industry Median: 40.87
vs TSX:CVE: 34.51
Cenovus Energy (TSX:CVE) 9-Day RSI Explanation
The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.
Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.
RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
Cenovus Energy 9-Day RSI Related Terms
TSX:CVE vs XOM, CVX: 9-Day RSI Comparison
For the Oil & Gas Integrated subindustry, Cenovus Energy's 9-Day RSI, along with its competitors' market caps and 9-Day RSI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cenovus Energy 9-Day RSI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's 9-Day RSI falls into.
* Note that the formula uses a positive value for the average loss.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cenovus Energy (TSX:CVE) has a 9-Day RSI of 34.51 as of Jul. 01, 2026. According to the industry distribution chart, Cenovus Energy ranks #365 out of 1053 companies in the Oil & Gas industry, placing it in the top 34.7%.
Is Cenovus Energy's 9-Day RSI too high?
Cenovus Energy's current 9-Day RSI is 34.51. The Oil & Gas industry median 9-Day RSI is 40.87. Cenovus Energy's value of 34.51 is 15.6% below this industry median. Based on the distribution chart, Cenovus Energy ranks #365 out of 1053 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's 9-Day RSI compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #365 out of 1053 companies for 9-Day RSI. This puts Cenovus Energy in the upper half of its industry. The industry median 9-Day RSI is 40.87. Cenovus Energy's value of 34.51 is 15.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 9-Day RSI for an Oil & Gas company?
The median 9-Day RSI among Oil & Gas companies is 40.87, based on 1,053 companies in the industry. Companies in the top quartile (top 25%) have a 9-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 9-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current 9-Day RSI of 34.51 is 15.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 9-Day RSI mean?
A high 9-Day RSI can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median 9-Day RSI is 40.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current 9-Day RSI is 34.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenovus Energy stock overvalued right now?
Based on GuruFocus' analysis, Cenovus Energy (TSX:CVE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.38, compared to a current price of C$35.19 — trading 57.2% above its estimated fair value. The current 9-Day RSI is 34.51 and 15.6% below the Oil & Gas industry median of 40.87. Cenovus Energy's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 9-Day RSI calculated?
9-Day RSI is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current 9-Day RSI is 34.51 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cenovus Energy (TSX:CVE) Overvalued in 2026?
Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued.
The current stock price of C$35.19 is trading 57.2% above its estimated GF Value™ of C$22.38.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for TSX:CVE:
9-Day RSI: 34.51
GF Value™: C$22.38 vs. price of C$35.19 (57.2% above fair value)
Industry Position: 15.6% below the Oil & Gas median (#365 of 1053)
No single metric tells the full story. See the TSX:CVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.
66GF Score
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