CANADIAN NATURAL RESOURCES

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CNQ
ISIN:	CA1363851017

CANADIAN NATURAL RESOURCES - Daily - Technical analysis published on 05/01/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

61%

28%

My opinion

Bullish above

My targets

()

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at remains possible. It is advisable to trade CANADIAN NATURAL RESOURCES with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above . The next bullish objective for buyers is set at . A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

0.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CANADIAN NATURAL RESOURCES rating 75.76 USD. On the day, this instrument lost -0.08% with the lowest point at 74.65 USD and the highest point at 76.06 USD. The deviation from the price is +1.49% for the low point and -0.39% for the high point.

74.65

76.06

75.76

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CANADIAN NATURAL RESOURCES:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CANADIAN NATURAL RESOURCES chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	61.27	64.36	67.91	75.76	76.55	82.32
Change (%)	-19.13%	-15.05%	-10.36%	-	+1.04%	+8.66%
Change	-14.49	-11.40	-7.85	-	+0.79	+6.56
Level	Minor	Major	Intermediate	-	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.16	74.44	75.13	76.41	77.10	78.38	79.07
Camarilla	75.28	75.46	75.64	75.82	76.00	76.18	76.36
Woodie	72.87	74.29	74.84	76.26	76.81	78.23	78.78
Fibonacci	74.44	75.19	75.66	76.41	77.16	77.63	78.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.89	74.81	76.39	77.31	78.89	79.81	81.39
Camarilla	77.28	77.51	77.74	77.97	78.20	78.43	78.66
Woodie	74.22	74.98	76.72	77.48	79.22	79.98	81.72
Fibonacci	74.81	75.77	76.36	77.31	78.27	78.86	79.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.64	71.18	73.50	78.04	80.36	84.90	87.22
Camarilla	73.93	74.56	75.19	75.82	76.45	77.08	77.71
Woodie	65.53	70.63	72.39	77.49	79.25	84.35	86.11
Fibonacci	71.18	73.80	75.42	78.04	80.66	82.28	84.90

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.00
MACD (12,26,9):	0.3900
Directional Movement:	-7.52
AROON (14):	-100.00
DEMA (21):	78.05
Parabolic SAR (0,02-0,02-0,2):	78.32
Elder Ray (13):	-1.83
Super Trend (3,10):	80.18
Zig ZAG (10):	75.62
VORTEX (21):	0.9200
Stochastique (14,3,5):	17.15
TEMA (21):	76.67
Williams %R (14):	-85.60
Chande Momentum Oscillator (20):	-1.84
Repulse (5,40,3):	-0.7400
ROCnROLL:	-1
TRIX (15,9):	0.1900
Courbe Coppock:	8.45

MA7:	77.00
MA20:	78.42
MA50:	74.67
MA100:	69.08
MAexp7:	76.81
MAexp20:	77.12
MAexp50:	74.56
MAexp100:	71.01
Price / MA7:	-1.61%
Price / MA20:	-3.39%
Price / MA50:	+1.46%
Price / MA100:	+9.67%
Price / MAexp7:	-1.37%
Price / MAexp20:	-1.76%
Price / MAexp50:	+1.61%
Price / MAexp100:	+6.69%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on CANADIAN NATURAL RESOURCES. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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