CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CNQ - CA1363851017 - Common Stock
We assign a technical rating of 7 out of 10 to CNQ. Although CNQ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CNQ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 47.27, a Stop Loss order could be placed below this zone.
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40.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 47.14 to 47.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.18 to 43.18. 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.
We found 1 important resistance area.
- A resistance zone ranging from 47.30 to 47.91. 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 | 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 | 39.98 | NEUTRAL | CNQ.CA is not amongst the best or worst performers 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) | 62.32 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CNQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.86 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for CNQ.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.92 | 47.13 | 0.79 (1.65%) | 25.00% |
| An entry @47.92. This is a Buy Stop order right above the resistance zone. | An exit @47.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.79 points, which is 1.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The distance between exit and entry is rather small compared to the average daily movement of CNQ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CNQ (11/28/2025, 7:00:00 PM)
47.29
+0.56 (+1.2%)
CANADIAN NATURAL RESOURCES / CNQ.CA FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 7 / 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 62.3176. 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.