CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CNQ - CA1363851017 - Common Stock
Overall CNQ gets a technical rating of 2 out of 10. CNQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CNQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.24
3 important support areas can be observed.
- Support @43.45 from a trend line in the daily time frame.
- Support @41.67 from a horizontal line in the daily time frame.
- Support @40.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @44.18 from a trend line in the weekly time frame.
- A resistance zone ranging from 45.18 to 45.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 47.27 to 48.10. 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 | NEUTRAL | NEUTRAL | The long term trend for CNQ.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNQ.CA is neutral. |
| ChartMill Relative Strength | 19.26 | NEGATIVE | CNQ.CA has a low relative strength, it was outperformed by 80.74% 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) | 42.75 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.27 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.56 | NEGATIVE | The low ADX value for CNQ.CA suggests a weak or negative trend. |
TSX:CNQ (1/6/2026, 7:00:00 PM)
43.6
-3.52 (-7.47%)
CANADIAN NATURAL RESOURCES / CNQ.CA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 2 / 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 Bearish.
What is the RSI signal for CNQ stock?
CANADIAN NATURAL RESOURCES (CNQ.CA) has an RSI value of 42.7533. This indicates that the stock is currently neutral.
What is the short term momentum for CANADIAN NATURAL RESOURCES (CNQ.CA) stock?
The short term momentum for CANADIAN NATURAL RESOURCES (CNQ.CA) is neutral.
What are the support and resistance levels for CANADIAN NATURAL RESOURCES (CNQ.CA) stock?
CANADIAN NATURAL RESOURCES (CNQ.CA) has a support level at 44.18 and a resistance level at 45.18. Check the full technical report for our detailed analysis of CNQ.CA support and resistance levels.