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Canadian Natural Resources Limited

CNQ.TO Technical Analysis Summary (TSX)

Analyze CNQ.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CNQ.TO●TSX
EnergyOil & Gas Exploration & Production
$65.48
$0.72(1.09%)
Canadian Market opens in 37h 27m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CNQ.TO Technical Analysis Summary (TSX)

Canadian Natural Resources Limited (TSX: CNQ.TO) stock currently shows a bullish trend on the TSX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 68.52)
Trend Strength:Moderate (ADX: 24.23)
Volatility:Medium (ATR: 1.49)
Support/Resistance:$53.50 – $66.23 (Bollinger Bands)

Technical conditions suggest Canadian Natural Resources Limited on the TSX is awaiting a decisive move. This mix signals that Canadian Natural Resources Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 68.52

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 95.22

Bearish
Overbought levels may trigger pullback.

Williams %R: -9.58

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 17.28

Strongly Bullish
Strong upside momentum.

Takeaway:Canadian Natural Resources Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 1.22

Bullish
Bullish, trend momentum is strengthening.

ADX: 24.23

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.49

Low
Low volatility, stable price action.

CCI (14): 149.35

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Canadian Natural Resources Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$66.23
Middle Band (SMA 20)
$59.87
Lower Band
$53.50
Current Position
Within Bands

Takeaway:Canadian Natural Resources Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$64.43
Middle Line (EMA 20)
$61.46
Lower Channel
$58.49
Squeeze Status
No Squeeze

Takeaway:Canadian Natural Resources Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-110.60M
Money Flow Index75.38Bullish, inflows support continued momentum.
Relative Vigor Index65.26Bullish, price momentum strongly favors buyers.

Overall Takeaway:CNQ.TO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Canadian Natural Resources Limited (TSX: CNQ.TO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Canadian Natural Resources Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(TSX: CNQ.TO) Technical Analysis FAQ