Technical Analysis for CNQ - Canadian Natural Resources Limited

Grade Last Price % Change Price Change
B 105.420 0.50% 0.520
CNQ closed up 1.67 percent on Friday, May 17, 2024, on 27 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.50%
Crossed Above 50 DMA Bullish 0.50%
Bollinger Band Squeeze Range Contraction 0.50%
50 DMA Resistance Bearish 2.17%
MACD Bearish Centerline Cross Bearish 2.17%
Bollinger Band Squeeze Range Contraction 2.17%
Down 3 Days in a Row Weakness 2.17%
Down 4 Days in a Row Weakness 2.17%
Down 5 Days in a Row Weakness 2.17%
Hammer Candlestick Bullish 1.88%

   Recent Intraday Alerts

Alert Time
Gap Down Closed about 6 hours ago
Gap Down Partially Closed about 6 hours ago
Rose Above Previous Day's High about 6 hours ago
Reversed from Down about 6 hours ago
20 DMA Support about 6 hours ago

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Profile

Canadian Natural Resources Limited Description

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d'Ivoire, Gabon, and South Africa in Offshore Africa. The Horizon Oil Sands Mining and Upgrading segment (Horizon) produces synthetic crude oil through bitumen mining and upgrading operations. Within Western Canada, the Company maintains certain midstream activities that include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (Redwater Partnership), a general partnership formed in the Province of Alberta.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Mining Energy Oil Natural Gas Marketing Petroleum Water S&P/Tsx 60 Index Natural Resource Pipe Partnership Petroleum Industry Pipeline Crude Oil Gas Exploration Liquids Natural Gas Liquids Electricity Petroleum Industry In Canada Petroleum Geology Natural Gas Exploration Oil Sands Offshore Energy Industry Midstream Natural Resources Oil Fields Oil Sands Mining Synthetic Crude Synthetic Crude Oil

Is CNQ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 112.99
52 Week Low 67.5788
Average Volume 6,039,235
200-Day Moving Average 89.984
50-Day Moving Average 104.171
20-Day Moving Average 104.581
10-Day Moving Average 104.490
Average True Range 1.882
RSI (14) 52.38
ADX 20.72
+DI 21.299
-DI 25.847
Chandelier Exit (Long, 3 ATRs) 101.273
Chandelier Exit (Short, 3 ATRs) 106.637
Upper Bollinger Bands 107.199
Lower Bollinger Band 101.964
Percent B (%b) 0.56
BandWidth 5.006
MACD Line -0.043
MACD Signal Line 0.189
MACD Histogram -0.2317
Fundamentals Value
Market Cap 123.89 Billion
Num Shares 1.18 Billion
EPS 0.03
Price-to-Earnings (P/E) Ratio 4034.62
Price-to-Sales 1.97
Price-to-Book 1.14
PEG Ratio 0.33
Dividend 1.70
Dividend Yield 1.62%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 107.495
Resistance 3 (R3) 107.267 106.173 107.063
Resistance 2 (R2) 106.173 105.512 106.288 106.918
Resistance 1 (R1) 105.537 105.104 105.855 105.765 106.774
Pivot Point 104.443 104.443 104.603 104.558 104.443
Support 1 (S1) 103.807 103.782 104.125 104.035 103.026
Support 2 (S2) 102.713 103.374 102.828 102.882
Support 3 (S3) 102.077 102.713 102.738
Support 4 (S4) 102.305