CANADIAN NATURAL RESOURCES (CNQ)

CA1363851017 - Common Stock

77.06  +0.51 (+0.67%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to CNQ. Both in the recent history as in the last year, CNQ has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CNQ did better than 88% of all other stocks.
CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. CNQ outperforms 71% of them.
CNQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CNQ is performing more or less in line with the market.
CNQ has an average volume of 3403920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CNQ has a been trading in the 73.52 - 82.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
CNQ Weekly chart
CNQ Daily chart
Setup Rating and Analysis

6

Although CNQ has an excellent technical rating, the quality of the presented setup is 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.

Support and Resistance Analysis

59.14

77.83

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 76.54 to 76.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @63.44 from a trend line in the weekly time frame.
  • A support zone ranging from 59.74 to 61.92. This zone is formed by a combination of multiple trend lines in multiple time frames.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.12
Mansfield1.11
10 Day High82.58
10 Day Low76.07
20 Day High82.58
20 Day Low73.52
52 Week High82.58
52 Week Low52.66
Performance
1 Week-3.38%
2 Weeks-5.7%
1 Month3.07%
3 Month21.55%
6 Month16.98%
12 Month27.9%
2 Year23.73%
3 Year151.98%
5 Year155.34%
10 Year87.76%
15 Year232.03%
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)
Technical Indicators
MACD(12,26,9)-0.8
RSI(14)50.29
LBB75.4
UBB83.19
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
79.1476.532.61 (3.30%)25.00%
An entry @79.14. This is a Buy Stop order right above the 10 day moving average.An exit @76.53. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.61 points, which is 3.30%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%.

  • 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.
CNQ Daily chart

CANADIAN NATURAL RESOURCES

NYSE:CNQ (4/22/2024, 10:03:07 AM)

77.06

+0.51 (+0.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.67%
1 Week-3.38%
2 Weeks-5.7%
1 Month3.07%
3 Month21.55%
6 Month16.98%
12 Month27.9%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.86
ATR(20)%2.19%
ATR Inc
Range Today1.45
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High82.58
10 Day Low76.07
20 Day High82.58
20 Day Low73.52
52 Week High82.58
52 Week Low52.66
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume528.23K
Volume Incr25.82%
Vol(5)4.36M
Vol(50)3.40M