CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Technical Analysis
Canada - TSX:CNQ - CA1363851017 - Common Stock
43.21 CAD
+0.03 (+0.07%)
Taking everything into account, CNQ scores 4 out of 10 in our technical rating. In the last year, CNQ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
82% of all other stocks performed better in the past year than CNQ.
CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 216 other stocks in this industry, of which 65% are performing better than CNQ.
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 40.62 - 44.12 range, which is quite wide. It is currently trading near the high of this range.
CNQ has an average volume of 13723700 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.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CNQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 43.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.04, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.56 to 43.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.65 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 43.75 to 44.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 45.58 to 46.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.27 from a horizontal line in the daily 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 | 18.93 | NEGATIVE | CNQ.CA has a low relative strength, it was outperformed by 81.07% 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) | DOWN | MIXED | The current price of CNQ.CA is above a declining 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) | 53.8 | NEUTRAL | The RSI value for CNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CNQ.CA has a positive trend. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for CNQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for CNQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.55 | 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 (9/12/2025, 7:00:00 PM)
43.21
+0.03 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.07%
1 Week2.73%
2 Weeks-0.28%
1 Month5.01%
3 Month-5.86%
6 Month2.37%
12 Month-0.44%
2 Year-1.62%
3 Year34.4%
5 Year304.97%
10 Year232.51%
15 Year142.82%
Volatility
ATR(14)0.83
ATR(20)%1.86%
ATR Inc-32.49%
Range Today0.61
ADR(20)0.74
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.93
Mansfield-1.14
10 Day High44.12
10 Day Low41.75
20 Day High44.12
20 Day Low40.62
52 Week High52.15
52 Week Low34.92
CS1 End43.04
CR1 Start43.75
Volume & EV
DER(3)0.43%
DER(5)0.07%
Volume25.80M
Volume Incr99.39%
Vol(5)28.52M
Vol(50)13.72M