CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
TSX:CNQ - Toronto Stock Exchange - CA1363851017 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to CNQ. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNQ was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CNQ is a bad performer in the overall market: 74% of all stocks are doing better.
CNQ has an average volume of 14770700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, CNQ did better than 50% of them.
CNQ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNQ is lagging the market slightly.
In the last month CNQ has a been trading in the 38.58 - 45.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
37.33
48.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.47 to 41.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.55 from a trend line in the daily time frame.
- Support @38.66 from a horizontal line in the daily time frame.
- Support @37.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 43.13 to 43.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.65 to 45.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 47.62 to 48.34. 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 | DOWN | NEGATIVE | The long term trend for CNQ.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNQ.CA is up. |
| ChartMill Relative Strength | 26.1 | NEGATIVE | CNQ.CA has a low relative strength, it was outperformed by 73.9% 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) | DOWN | NEGATIVE | The current price of CNQ.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.84 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.08 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for CNQ.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:CNQ (5/22/2025, 7:00:00 PM)
42.77
+0.16 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.38%
1 Week-2.57%
2 Weeks7.41%
1 Month6.34%
3 Month0.26%
6 Month-12.19%
12 Month-18.27%
2 Year16.97%
3 Year2.19%
5 Year240.12%
10 Year122.88%
15 Year129.64%
Volatility
ATR(14)1.14
ATR(20)%2.48%
ATR Inc-23.96%
Range Today1.12
ADR(20)0.87
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.1
Mansfield-1.02
10 Day High45.02
10 Day Low40.64
20 Day High45.02
20 Day Low38.58
52 Week High53.03
52 Week Low34.92
CS1 End41.9
CR1 Start43.13
Volume & EV
DER(3)-0.6%
DER(5)-0.84%
Volume14.49M
Volume Incr39.37%
Vol(5)12.93M
Vol(50)14.77M