CANADIAN NATURAL RESOURCES (CNQ.CA) Technical Analysis
TSX:CNQ • CA1363851017
Current stock price
CNQ.CA Technical Rating and Analysis
Taking everything into account, CNQ scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- CNQ is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that CNQ is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, CNQ also shows a nice and consistent pattern of rising prices.
- CNQ has an average volume of 19466800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- CNQ is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 61% of 206 stocks in the same industry.
- 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.CA Weekly and Daily overview Charts
CNQ.CA Setup Rating and Analysis
CNQ has an average technical rating and the quality of the presented setup is also not ideal 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
When analyzing the support we can see 5 important areas.
- A support zone ranging from 59.98 to 60.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.80 to 58.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.66 from a trend line in the weekly time frame.
- Support @43.72 from a trend line in the daily time frame.
- Support @41.83 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 69.46 to 69.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for CNQ.CA is down. |
| ChartMill Relative Strength | 76.99 | POSITIVE | CNQ.CA has a high relative strength, it outperformed 76.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNQ.CA is below 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) | UP | POSITIVE | The current price of CNQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.13 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests CNQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.07 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.18 | 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 (4/24/2026, 7:00:00 PM)
60.69
-1.52 (-2.44%)
CANADIAN NATURAL RESOURCES / CNQ.CA TA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 6 / 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 CANADIAN NATURAL RESOURCES (CNQ.CA) stock?
CANADIAN NATURAL RESOURCES (CNQ.CA) has an RSI value of 43.1286. This indicates that the stock is currently neutral.
What is the MACD signal for CNQ stock?
The MACD indicator for CANADIAN NATURAL RESOURCES (CNQ.CA) has a value of -0.580536, indicating a bearish trend.
What is the buy/sell signal for CANADIAN NATURAL RESOURCES (CNQ.CA) stock?
The buy/sell signal for CANADIAN NATURAL RESOURCES (CNQ.CA) is hold as the short term and long term trends are mixed.