CANADIAN NATURAL RESOURCES (CNQ) Stock Technical Analysis
NYSE:CNQ - CA1363851017 - Common Stock
31.14 USD
+0.98 (+3.25%)
31.1 USD
-0.04 (-0.13%)
Overall CNQ gets a technical rating of 2 out of 10. In the last year, CNQ was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
83% of all other stocks performed better in the past year than CNQ.
CNQ is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 72% are performing better than CNQ.
CNQ has an average volume of 5651430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
In the last month CNQ has a been trading in the 29.30 - 32.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CNQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
29.02
35.19
We found 2 important support areas.
- A support zone ranging from 30.62 to 31.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.31 to 29.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 32.41 to 32.62. 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.
- Resistance @34.84 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 is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNQ is neutral. |
| ChartMill Relative Strength | 17.87 | NEGATIVE | CNQ has a low relative strength, it was outperformed by 82.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNQ is above 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 | MIXED | The current price of CNQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.4 | NEUTRAL | The RSI value for CNQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CNQ has a positive trend. |
| Stochastics (14,3) | 36.33 | NEUTRAL | The Stochastics value for CNQ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | 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)
31.14
+0.98 (+3.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.25%
1 Week4.36%
2 Weeks2.74%
1 Month-0.8%
3 Month0.29%
6 Month3.9%
12 Month-14.52%
2 Year-3.73%
3 Year13.63%
5 Year216.62%
10 Year177.17%
15 Year94.08%
Volatility
ATR(14)0.65
ATR(20)%2.02%
ATR Inc47.2%
Range Today1.09
ADR(20)0.61
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.87
Mansfield-1.04
10 Day High31.24
10 Day Low29.3
20 Day High32.28
20 Day Low29.3
52 Week High37.91
52 Week Low24.65
CS1 End31.09
CR1 Start32.41
Volume & EV
DER(3)2.59%
DER(5)-0.98%
Volume6.38M
Volume Incr9.98%
Vol(5)5.00M
Vol(50)5.65M