CANADIAN NATURAL RESOURCES (CNQ)       57.9  +0.04 (+0.07%)

57.9  +0.04 (+0.07%)

CA1363851017 - Common Stock - After market: 57.9 0 (0%)

Technical Rating

6

Overall CNQ gets a technical rating of 6 out of 10. In the last year, CNQ was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CNQ has an average volume of 2436810 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 53% 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 54% of 389 stocks in the same industry.
CNQ is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month CNQ has a been trading in the 52.64 - 62.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 11.35% -5.35% 11.35% 8.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 53 44.45 - 70.6
CNQ Weekly chart
CNQ Daily chart

Support/Resistance Analysis


46.83

62.97
We found 4 important support areas.
  • A support zone ranging from 56.18 to 57.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @54.06 from a trend line in the daily time frame.
  • A support zone ranging from 51.46 to 52.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @47.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 61.93 to 62.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

CNQ has an average technical rating and also the quality of the setup is only medium 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.


CNQ Daily chart

CANADIAN NATURAL RESOURCES57.9

NYSE:CNQ (2/3/2023, 7:04:00 PM)+0.04 (+0.07%)

After market: 57.9 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today 0.07% 1 Week -6.81%
2 Weeks -4.06% 1 Month 11.35%
3 Month -5.35% 6 Month 11.35%

Volatility
ATR(14) 1.66 ATR(20)% 2.88%
ATR Inc 13.2% Range Today 1.62

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 53 Mansfield -0.16
10 Day High 62.3 10 Day Low 57.44
20 Day High 62.3 20 Day Low 52.64
52 Week High 70.6 52 Week Low 44.45
CS1 End 57.67 CR1 Start 61.93

Volume & EV
DER(3) -2.68% DER(5) -1.37%
Volume 1.65M Volume Incr -1.74%
Vol(5) 2.10M Vol(50) 2.44M

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