CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
TSX:CNQ - Toronto Stock Exchange - CA1363851017 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to CNQ. CNQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CNQ is a bad performer in the overall market: 63% of all stocks are doing better.
CNQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CNQ has an average volume of 11926100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNQ is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 214 stocks in the same industry.
In the last month CNQ has a been trading in the 42.01 - 48.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CNQ has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 45.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.40, a Stop Loss order could be placed below this zone.
More info and screens
41.31
53.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.47 to 43.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 45.10 to 45.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 47.28 to 47.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 48.33 to 48.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @49.54 from a trend line in the weekly time frame.
- Resistance @50.53 from a trend line in the daily time frame.
- Resistance @53.04 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.14
Mansfield-1.56
10 Day High46.23
10 Day Low42.01
20 Day High48.26
20 Day Low42.01
52 Week High56.5
52 Week Low40.02
Performance
1 Week0.68%
2 Weeks-1.83%
1 Month-5.17%
3 Month-6.33%
6 Month-6.82%
12 Month8.87%
2 Year15.58%
3 Year25.86%
5 Year157.95%
10 Year145.11%
15 Year402.94%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.08
RSI(14)47.3
LBB43.19
UBB46.47
CANADIAN NATURAL RESOURCES
TSX:CNQ (2/5/2025, 7:00:00 PM)
44.56
+0.16 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.36%
1 Week0.68%
2 Weeks-1.83%
1 Month-5.17%
3 Month-6.33%
6 Month-6.82%
12 Month8.87%
2 Year15.58%
3 Year25.86%
5 Year157.95%
10 Year145.11%
15 Year402.94%
Volatility
ATR(14)1.37
ATR(20)%3%
ATR Inc-6.12%
Range Today0.88
ADR(20)1.25
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.14
Mansfield-1.56
10 Day High46.23
10 Day Low42.01
20 Day High48.26
20 Day Low42.01
52 Week High56.5
52 Week Low40.02
CS1 End43.4
CR1 Start45.1
Volume & EV
DER(3)1.82%
DER(5)0.35%
Volume3.99M
Volume Incr-16.75%
Vol(5)5.88M
Vol(50)11.93M