CANADIAN NATURAL RESOURCES (CNQ)

CA1363851017 - Common Stock

56.18  -0.04 (-0.07%)

After market: 56.18 0 (0%)

Technical Rating

1

We assign a technical rating of 1 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.



In the last month CNQ has a been trading in the 53.58 - 58.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CNQ has an average volume of 1954290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNQ is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 52% of 384 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CNQ is a bad performer in the overall market: 68% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months -0.72% -0.43% 2.93% -13.37% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 32.61 44.45 - 63.14
CNQ Weekly chart
CNQ Daily chart

Support/Resistance Analysis


49.49

62.97
3 important support areas can be observed.
  • A support zone ranging from 54.34 to 55.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 52.50 to 52.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 49.99 to 49.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 56.49 to 57.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 61.00 to 62.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

CNQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 56.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.96, a Stop Loss order could be placed below this zone.


CNQ Daily chart

CANADIAN NATURAL RESOURCES

NYSE:CNQ (6/8/2023, 3:31:50 PM)

After market: 56.18 0 (0%)

56.18

-0.04 (-0.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.07%
1 Week2.37%
2 Weeks-1.33%
1 Month-0.72%
3 Month-0.43%
6 Month2.93%
12 Month-13.37%
Volatility
ATR(14)1.38
ATR(20)%2.47%
ATR Inc0%
Range Today1.84
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.61
Mansfield-0.69
10 Day High56.73
10 Day Low53.58
20 Day High58.49
20 Day Low53.58
52 Week High63.14
52 Week Low44.45
CS1 End55.96
CR1 Start56.64
Volume & EV
DER(3)-0.43%
DER(5)-0.52%
Volume1.64M
Volume Incr6.1%
Vol(5)2.01M
Vol(50)1.95M
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