CANADIAN NATURAL RESOURCES (CNQ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNQ - CA1363851017 - Common Stock
Overall CNQ gets a technical rating of 1 out of 10. CNQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CNQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
29.02
We found 3 important support areas.
- Support @31.44 from a trend line in the weekly time frame.
- A support zone ranging from 29.84 to 30.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.31 to 29.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.46 to 32.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.01 to 34.67. 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 | 33.63 | NEUTRAL | CNQ is not amongst the best or worst performers 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) | UP | MIXED | The current price of CNQ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.54 | NEUTRAL | The RSI value for CNQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CNQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.6 | NEUTRAL | The Stochastics value for CNQ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CNQ suggests some volalility. |
| Average Directional Index/ADX (14) | 19.41 | NEGATIVE | The low ADX value for CNQ suggests a weak or negative trend. |
32.08
+0.53 (+1.68%)
CANADIAN NATURAL RESOURCES / CNQ FAQ
Can you provide the ChartMill technical rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a technical rating of 1 / 10 to CNQ.
Can you provide the trend direction for CANADIAN NATURAL RESOURCES?
The current trend direction for CANADIAN NATURAL RESOURCES (CNQ) is Bearish.
What is the RSI signal for CNQ stock?
CANADIAN NATURAL RESOURCES (CNQ) has an RSI value of 46.5446. This indicates that the stock is currently neutral.
What is the short term momentum for CANADIAN NATURAL RESOURCES (CNQ) stock?
The short term momentum for CANADIAN NATURAL RESOURCES (CNQ) is negative.
What are the support and resistance levels for CANADIAN NATURAL RESOURCES (CNQ) stock?
CANADIAN NATURAL RESOURCES (CNQ) has a support level at 31.44 and a resistance level at 32.46. Check the full technical report for our detailed analysis of CNQ support and resistance levels.