CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
TSX:CNQ • CA1363851017
We assign a technical rating of 10 out of 10 to CNQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNQ is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CNQ is one of the better performing stocks in the market, outperforming 70% of all stocks. On top of that, CNQ also shows a nice and consistent pattern of rising prices.
- CNQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CNQ has a been trading in the 49.19 - 59.08 range, which is quite wide. It is currently trading near the high of this range.
- CNQ has an average volume of 13526400 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 69% of them.
Although CNQ has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
41.25
We found 3 important support areas.
- Support @45.34 from a trend line in the weekly time frame.
- Support @43.01 from a trend line in the daily time frame.
- Strong support @41.67 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 | UP | POSITIVE | The long term trend for CNQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNQ.CA is up. |
| ChartMill Relative Strength | 70.18 | POSITIVE | CNQ.CA has a high relative strength, it outperformed 70.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.72 | OVERBOUGHT | The high RSI value suggests CNQ.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.52 | OVERBOUGHT | The high Stochastics value suggests CNQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 46.78 | POSITIVE | The high ADX value value for CNQ.CA suggests a strong trend. |
TSX:CNQ (2/26/2026, 7:00:00 PM)
58.95
+0.72 (+1.24%)
CANADIAN NATURAL RESOURCES / CNQ.CA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 10 / 10 to CNQ.CA.
Can you provide the trend direction for CANADIAN NATURAL RESOURCES?
The current trend direction for CANADIAN NATURAL RESOURCES (CNQ.CA) is Bullish.
What is the RSI signal for CNQ stock?
CANADIAN NATURAL RESOURCES (CNQ.CA) has an RSI value of 77.7186. This indicates that the stock is currently overbought.
What is the short term momentum for CANADIAN NATURAL RESOURCES (CNQ.CA) stock?
The short term momentum for CANADIAN NATURAL RESOURCES (CNQ.CA) is positive.
What are the support and resistance levels for CANADIAN NATURAL RESOURCES (CNQ.CA) stock?
CANADIAN NATURAL RESOURCES (CNQ.CA) has a support level at 45.34. Check the full technical report for our detailed analysis of CNQ.CA support and resistance levels.