CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
Canada - TSX:CNQ - CA1363851017 - Common Stock
44.4 CAD
+0.48 (+1.09%)
We assign a technical rating of 6 out of 10 to CNQ. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CNQ is a bad performer.
When comparing the yearly performance of all stocks, CNQ is a bad performer in the overall market: 84% of all stocks are doing better.
CNQ is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 68% of 216 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CNQ has an average volume of 16692800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month CNQ has a been trading in the 41.75 - 46.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CNQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 43.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.24
47.74
We found 2 important support areas.
- A support zone ranging from 42.35 to 43.44. This zone is formed by a combination of multiple trend lines and important moving averages 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 44.73 to 45.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 46.01 to 46.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 47.27 to 47.27. 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 | NEUTRAL | NEUTRAL | The short term trend for CNQ.CA is neutral. |
| ChartMill Relative Strength | 16.21 | NEGATIVE | CNQ.CA has a low relative strength, it was outperformed by 83.79% 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) | 52.84 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CNQ.CA has a negative trend. |
| Stochastics (14,3) | 36.83 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.68 | 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)
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 |
|---|---|---|---|
| 45.29 | 43.06 | 2.23 (4.92%) | 20.31% |
| An entry @45.29. This is a Buy Stop order right above the resistance zone. | An exit @43.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.23 points, which is 4.92%. | For a 1.00% total portfolio risk, you can invest 20.31% of your capital in this trade. |
- 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 (10/3/2025, 7:00:00 PM)
44.4
+0.48 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.09%
1 Week-2.57%
2 Weeks1.88%
1 Month5.56%
3 Month1.44%
6 Month13.15%
12 Month-7.92%
2 Year0.84%
3 Year8.68%
5 Year318.87%
10 Year192.88%
15 Year139.16%
Volatility
ATR(14)1.05
ATR(20)%2.22%
ATR Inc-31.12%
Range Today0.66
ADR(20)0.94
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.21
Mansfield-0.96
10 Day High46.12
10 Day Low43.07
20 Day High46.12
20 Day Low41.75
52 Week High52.15
52 Week Low34.92
CS1 End43.44
CR1 Start44.73
Volume & EV
DER(3)-0.75%
DER(5)-1.35%
Volume16.68M
Volume Incr-55.55%
Vol(5)11.26M
Vol(50)16.69M