Canadian Natural Resou (CNQ.CA)

Close: 78.62 (+3.56), May 13, 2022
Hold

Medium risk

Automatic technical analysis. Medium term, May 13, 2022

Canadian Natural Resources Ltd. shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 77.88 will again give new negative signals to the stock, while a break of the opposite side of the formation will be a strong positive signal. The stock is approacing resistance at 86.00 , which may give a negative reaction. However, a break upwards through 86.00 will be a positive signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 2)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.74%188.46+4.74%
5 days-55.316.03%336.41-4.17%
22 days4.7716.17%355.60-3.53%
66 days4.9534.35%487.05+22.35%

More analyses of Canadian Natural Resources Ltd.

chart Canadian Natural Resources Ltd. (CNQ) Candlesticks 22 Days
Candlesticks
chart Canadian Natural Resources Ltd. (CNQ) Short term
Short term: Positive
chart Canadian Natural Resources Ltd. (CNQ) Medium term
Medium term: Hold
chart Canadian Natural Resources Ltd. (CNQ) Long term
Long term: Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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