CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
Canada - TSX:CNQ - CA1363851017 - Common Stock
We assign a technical rating of 8 out of 10 to CNQ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CNQ is only an average performer.
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
40.24
4 important support areas can be observed.
- Support @47.27 from a horizontal line in the weekly time frame.
- A support zone ranging from 44.45 to 44.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.81 to 43.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.65 to 41.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.57 to 47.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 42.72 | NEUTRAL | CNQ.CA is not amongst the best or worst performers 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) | 70.02 | OVERBOUGHT | The high RSI value suggests CNQ.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend. |
| Stochastics (14,3) | 91.78 | OVERBOUGHT | The high Stochastics value suggests CNQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for CNQ.CA suggests a weak or negative trend. |
TSX:CNQ (11/18/2025, 7:00:00 PM)
47.56
+0.69 (+1.47%)
CANADIAN NATURAL RESOURCES / CNQ.CA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 8 / 10 to CNQ.CA.
What is the trend direction for CNQ stock?
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 70.0239. This indicates that the stock is currently overbought.
What is the short term momentum for CNQ stock?
The short term momentum for CANADIAN NATURAL RESOURCES (CNQ.CA) is positive.
What is the buy/sell signal for CNQ stock?
The buy/sell signal for CANADIAN NATURAL RESOURCES (CNQ.CA) is buy as both the short term and long term trends are positive.