CANADIAN NATURAL RESOURCES (CNQ) Stock Technical Analysis
NYSE:CNQ - New York Stock Exchange, Inc. - CA1363851017 - Common Stock - Currency: USD
Overall CNQ gets a technical rating of 0 out of 10. CNQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
79% of all other stocks performed better in the past year than CNQ.
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.
In the last month CNQ has a been trading in the 28.65 - 31.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CNQ has an average volume of 5670720 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 41% of 211 stocks in the same industry.
CNQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.92, a Stop Loss order could be placed below this zone.
More info and screens
29.21
39.12
When analyzing the support we notice one important area.
- A support zone ranging from 29.51 to 29.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 30.41 to 31.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.74 to 32.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.50 from a trend line in the weekly time frame.
- A resistance zone ranging from 36.54 to 36.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @38.73 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
CRS21.78
Mansfield-2.02
10 Day High31.05
10 Day Low29.88
20 Day High31.85
20 Day Low28.65
52 Week High41.29
52 Week Low28.65
Performance
1 Week-1.41%
2 Weeks-2.35%
1 Month-5.25%
3 Month-13.98%
6 Month-17.73%
12 Month-8.24%
2 Year6.07%
3 Year7.36%
5 Year132.33%
10 Year105.63%
15 Year76.74%
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
RSI(14)42.17
LBB29.77
UBB31.21
29.97
-0.76 (-2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.47%
1 Week-1.41%
2 Weeks-2.35%
1 Month-5.25%
3 Month-13.98%
6 Month-17.73%
12 Month-8.24%
2 Year6.07%
3 Year7.36%
5 Year132.33%
10 Year105.63%
15 Year76.74%
Volatility
ATR(14)0.79
ATR(20)%2.77%
ATR Inc-11.54%
Range Today0.77
ADR(20)0.81
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.78
Mansfield-2.02
10 Day High31.05
10 Day Low29.88
20 Day High31.85
20 Day Low28.65
52 Week High41.29
52 Week Low28.65
CS1 End29.92
CR1 Start30.41
Volume & EV
DER(3)0.1%
DER(5)0.55%
Volume8.30M
Volume Incr27.68%
Vol(5)7.45M
Vol(50)5.67M