CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
TSX:CNQ - Toronto Stock Exchange - CA1363851017 - Common Stock - Currency: CAD
Taking everything into account, CNQ scores 7 out of 10 in our technical rating. In the last year, CNQ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CNQ has a been trading in the 41.47 - 46.25 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CNQ has an average volume of 15192300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CNQ outperforms 45% of them, which is more or less in line with the market.
CNQ is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 214 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CNQ has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.93
47.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.60 to 43.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.34 to 41.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.91 to 45.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.24 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for CNQ.CA is up. |
| ChartMill Relative Strength | 45.29 | 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) | DOWN | MIXED | The current price of CNQ.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.45 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend. |
| Stochastics (14,3) | 95.45 | OVERBOUGHT | The high Stochastics value suggests CNQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for CNQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.41 | NEUTRAL | The ADX value for CNQ.CA suggests a possible start of a new 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 (6/13/2025, 7:00:00 PM)
45.9
+0.83 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.84%
1 Week6.13%
2 Weeks10.15%
1 Month6.37%
3 Month8.74%
6 Month2.5%
12 Month-1.54%
2 Year23.25%
3 Year32.72%
5 Year289.81%
10 Year170.8%
15 Year159.84%
Volatility
ATR(14)0.98
ATR(20)%1.97%
ATR Inc8.73%
Range Today1.16
ADR(20)0.88
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.29
Mansfield-0.25
10 Day High46.25
10 Day Low41.92
20 Day High46.25
20 Day Low41.47
52 Week High52.15
52 Week Low34.92
CS1 End43.63
CR1 Start45.91
Volume & EV
DER(3)1.28%
DER(5)1.24%
Volume51.98M
Volume Incr121.36%
Vol(5)32.93M
Vol(50)15.19M