CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
TSX:CNQ - Toronto Stock Exchange - CA1363851017 - Common Stock - Currency: CAD
Taking everything into account, CNQ scores 3 out of 10 in our technical rating. CNQ performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
81% of all other stocks performed better in the past year than CNQ.
CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 66% are performing better than CNQ.
In the last month CNQ has a been trading in the 41.75 - 44.43 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 16697900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CNQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNQ is lagging the market.
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. Prices have been consolidating lately. There is a support zone below the current price at 43.28, a Stop Loss order could be placed below this zone.
More info and screens
41.25
47.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.67 to 43.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.67 to 41.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 43.35 to 44.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 45.90 to 46.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.27 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CNQ.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNQ.CA is neutral. |
| ChartMill Relative Strength | 19.75 | NEGATIVE | CNQ.CA has a low relative strength, it was outperformed by 80.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNQ.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNQ.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNQ.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.63 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.59 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for CNQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for CNQ.CA suggests a weak or negative trend. |
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)
TSX:CNQ (8/5/2025, 7:00:00 PM)
43.3
+0.58 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.36%
1 Week-1.3%
2 Weeks3.51%
1 Month-0.21%
3 Month1.81%
6 Month-0.28%
12 Month-9.45%
2 Year-0.94%
3 Year20.28%
5 Year236.7%
10 Year192.07%
15 Year152.48%
Volatility
ATR(14)0.77
ATR(20)%1.82%
ATR Inc46.57%
Range Today0.86
ADR(20)0.74
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.75
Mansfield-0.94
10 Day High44.43
10 Day Low41.75
20 Day High44.43
20 Day Low41.75
52 Week High52.15
52 Week Low34.92
CS1 End43.28
CR1 Start43.35
Volume & EV
DER(3)-3.2%
DER(5)-0.27%
Volume9.28M
Volume Incr-42.96%
Vol(5)6.41M
Vol(50)16.70M