CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
Canada - TSX:CNQ - CA1363851017 - Common Stock
We assign a technical rating of 4 out of 10 to CNQ. In the last year, CNQ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CNQ has an average technical rating and also the quality of the setup is only medium 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
We found 3 important support areas.
- A support zone ranging from 43.80 to 44.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.41 to 42.69. 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 2 important areas.
- A resistance zone ranging from 45.28 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 weekly 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 | 29.94 | NEGATIVE | CNQ.CA has a low relative strength, it was outperformed by 70.06% 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 | POSITIVE | The current price of CNQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CNQ.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.15 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend. |
| Stochastics (14,3) | 82.87 | OVERBOUGHT | The high Stochastics value suggests CNQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.73 | NEGATIVE | The low ADX value for CNQ.CA suggests a weak or negative trend. |
TSX:CNQ (11/5/2025, 7:00:00 PM)
45.01
+0.83 (+1.88%)
CANADIAN NATURAL RESOURCES / CNQ.CA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 4 / 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 57.1483. This indicates that the stock is currently neutral.
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.