CANADIAN NATURAL RESOURCES (CNQ) Stock Technical Analysis
NYSE:CNQ - New York Stock Exchange, Inc. - CA1363851017 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CNQ. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CNQ is a bad performer in the overall market: 72% 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
CNQ has an average volume of 7900230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, CNQ did better than 57% of them.
In the last month CNQ has a been trading in the 24.65 - 31.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CNQ does present a nice setup opportunity. 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 29.03. Right above this resistance zone may be a good entry point.
More info and screens
26.91
34.96
When analyzing the support we notice one important area.
- A support zone ranging from 27.18 to 27.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.03 to 29.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.56 to 31.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.92 from a horizontal line in the daily time frame.
- Resistance @34.61 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.55
Mansfield-0.78
10 Day High29.02
10 Day Low24.65
20 Day High31.84
20 Day Low24.65
52 Week High39.2
52 Week Low24.65
Performance
1 Week10.05%
2 Weeks-3.55%
1 Month-6.52%
3 Month-7.46%
6 Month-19.01%
12 Month-24.76%
2 Year-5.53%
3 Year-6.9%
5 Year243.68%
10 Year73.23%
15 Year49.73%
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)-0.04
RSI(14)50.46
LBB24.51
UBB32
28.8
+0.63 (+2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.24%
1 Week10.05%
2 Weeks-3.55%
1 Month-6.52%
3 Month-7.46%
6 Month-19.01%
12 Month-24.76%
2 Year-5.53%
3 Year-6.9%
5 Year243.68%
10 Year73.23%
15 Year49.73%
Volatility
ATR(14)1.58
ATR(20)%4.49%
ATR Inc-32.33%
Range Today0.65
ADR(20)1.13
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.55
Mansfield-0.78
10 Day High29.02
10 Day Low24.65
20 Day High31.84
20 Day Low24.65
52 Week High39.2
52 Week Low24.65
CS1 End27.22
CR1 Start29.03
Volume & EV
DER(3)0.06%
DER(5)-0.21%
Volume7.66M
Volume Incr-26.65%
Vol(5)6.48M
Vol(50)7.90M