CANADIAN NATURAL RESOURCES (CNQ.CA) Technical Analysis
TSX:CNQ • CA1363851017
Current stock price
CNQ.CA Technical Rating and Analysis
We assign a technical rating of 9 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.
- The long and short term trends are both positive. This is looking good!
- CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. CNQ outperforms 73% of them.
- CNQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CNQ is leading the market.
- CNQ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CNQ has an average volume of 15806700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CNQ is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CNQ.CA Weekly and Daily overview Charts
CNQ.CA Setup Rating and Analysis
CNQ has an excellent technical rating, but 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
CNQ.CA Support and Resistance Analysis
41.41
We found 5 important support areas.
- A support zone ranging from 67.72 to 68.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @66.49 from a horizontal line in the daily time frame.
- Support @46.00 from a trend line in the weekly time frame.
- Support @43.38 from a trend line in the daily time frame.
- Support @41.83 from a horizontal line in the daily time frame.
CNQ.CA Technical Indicator Signal Analysis
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 | 85.71 | POSITIVE | CNQ.CA has a high relative strength, it outperformed 85.71% 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) | 73.91 | OVERBOUGHT | The high RSI value suggests CNQ.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CNQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.94 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 52.57 | POSITIVE | The high ADX value value for CNQ.CA suggests a strong trend. |
CNQ.CA Chart- and CandleStick Pattern Analysis
CNQ.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CNQ (3/27/2026, 7:00:00 PM)
69.46
+1.94 (+2.87%)
CANADIAN NATURAL RESOURCES / CNQ.CA TA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 9 / 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 73.9143. 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 68.34. Check the full technical report for our detailed analysis of CNQ.CA support and resistance levels.