CANADIAN NATURAL RESOURCES (CNQ) Stock Technical Analysis
USA - NYSE:CNQ - CA1363851017 - Common Stock
30.13 USD
-0.08 (-0.26%)
30.2 USD
+0.07 (+0.23%)
We assign a technical rating of 0 out of 10 to CNQ. CNQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
79% of all other stocks performed better in the past year than CNQ.
In the last month CNQ has a been trading in the 29.94 - 33.24 range, which is quite wide. It is currently trading near the lows of this range.
CNQ has an average volume of 7030510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CNQ is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 211 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.
The technical rating of CNQ is bad and it also does not present a quality setup 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.
More info and screens
29.02
34.36
2 important support areas can be observed.
- Support @30.06 from a trend line in the daily time frame.
- Support @29.31 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.80 to 31.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.38 to 32.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 33.79 to 34.02. 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 | NEUTRAL | NEUTRAL | The long term trend for CNQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNQ is down. |
| ChartMill Relative Strength | 21.89 | NEGATIVE | CNQ has a low relative strength, it was outperformed by 78.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.03 | NEUTRAL | The RSI value for CNQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests CNQ has a negative trend. |
| Stochastics (14,3) | 4.81 | OVERSOLD | The low Stochastics value suggests CNQ may be oversold. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for CNQ 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)
30.13
-0.08 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.26%
1 Week-4.04%
2 Weeks-5.34%
1 Month-4.59%
3 Month-2.21%
6 Month4.62%
12 Month-15.27%
2 Year-5.15%
3 Year0.53%
5 Year277.81%
10 Year159.52%
15 Year65.23%
Volatility
ATR(14)0.69
ATR(20)%2.38%
ATR Inc-18.06%
Range Today0.32
ADR(20)0.69
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.89
Mansfield-1.24
10 Day High33.24
10 Day Low29.94
20 Day High33.24
20 Day Low29.94
52 Week High35.93
52 Week Low24.65
CS1 End30.06
CR1 Start30.8
Volume & EV
DER(3)-1.98%
DER(5)-2.9%
Volume5.83M
Volume Incr-31.22%
Vol(5)5.86M
Vol(50)7.03M