CNQ technical analysis
CNQ Technical Analysis
Analysis date
July 15, 2026
Market
NYSE (USD)
Daily cutoff
July 14, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
CNQ Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- CNQ
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 14, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 34.18 | July 14, 2026 | - | Verified |
| Finviz (independent) | 34.18 | July 14, 2026 (previous close) | 0.00% | Verified |
Bottom line
CNQ Technical Analysis Summary
CNQ (Canadian Natural Resources) presents a cautiously constructive technical picture as of the July 14 data cutoff. On the daily chart, price at 34.18 has reclaimed SMA20 (33.17) and SMA50 (33.08), signaling short-term momentum is improving. The daily MACD has generated a bullish crossover, with the MACD line crossing above the signal line and the histogram turning positive at 0.11 — an early but meaningful signal that bearish momentum is fading. However, price remains below SMA200 (36.18), confirming the longer-term trend is still bearish. RSI14 at 56.10 on the daily chart reflects building bullish momentum without overbought conditions. The weekly timeframe shows more caution, with price below all key SMAs and the MACD histogram still negative at -0.41, though narrowing. The stock trades near the lower end of its 52-week range (daily 52-week position at 29.5%), which could provide a base for recovery if oil prices stabilize. Key resistance is at SMA200 (36.18) and the 60-day high (35.14). Key support rests at 30.48 (52-week low) and 31.48 (20-day low). A decisive move above SMA200 would be a significant trend change signal.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 14, 2026)
- Trend
- Improving but mixed. Price at 34.18 is above SMA20 (33.17, +3.05%) and SMA50 (33.08, +3.33%) but remains below SMA200 (36.18, -5.53%). SMA20 and SMA50 are flattening with a slight upward tilt, while SMA200 continues to decline gradually. The price structure shows short-term improvement within a broader downtrend.
- Momentum
- Bullish with improving bias. RSI14 at 56.10 is above the 50 midline, indicating building bullish momentum without approaching overbought levels. MACD line at -0.04 has crossed above the signal line at -0.15, and the histogram at 0.11 is positive — a constructive bullish crossover signal suggesting momentum is shifting. The positive histogram expansion supports the case for continued short-term strength.
- Volatility
- Moderate. ATR14 at 0.65 (1.90% of price) reflects typical daily movement for an energy stock. Bollinger Bands (32.09 to 35.69) show price near the middle, with moderate band width indicating normal volatility conditions. No Bollinger Band squeeze is evident.
- Volume
- Near average. Latest volume of 12,847,400 is 89.4% of the 50-period average (14,371,500), indicating typical participation levels for CNQ. The rally has occurred on respectable volume without unusual spikes or drops, which is neutral to slightly constructive.
Assessment
The daily chart shows a constructive development: CNQ has reclaimed both SMA20 and SMA50 after trading below them, and the bullish MACD crossover adds technical support. However, the stock remains in a longer-term downtrend as confirmed by price below SMA200 and a 52-week position at only 29.5%. The nascent rally lacks strong volume confirmation. A meaningful move above SMA200 (36.18) would be needed to shift the trend assessment. The current setup is the most positive it has been in several months but does not yet confirm a trend reversal.
Weekly (July 6, 2026 week)
- Trend
- Bearish. Price at 33.63 is below SMA20 (34.49), SMA50 (35.75), and SMA200 (37.63). All weekly SMAs are sloping downward, confirming a structural downtrend. The stock has been declining since peaking above 44.00 in mid-2025.
- Momentum
- Neutral with early improvement. RSI14 at 47.00 is below the 50 midline but has risen from deeply oversold levels seen earlier in the year, reflecting diminishing bearish momentum. MACD line at -0.47 is below the signal line at -0.07, but the negative histogram at -0.41 is narrowing, suggesting the downtrend is losing force even though a bullish crossover has not yet occurred.
- Volatility
- Moderate. ATR14 at 1.49 (4.43% of price) reflects the wider weekly ranges typical of energy sector stocks during periods of oil price volatility. Bollinger Bands (30.29 to 39.40) are moderately wide.
- Volume
- Below average. Weekly volume of 63,978,000 is 76.1% of the 20-week average (84,050,000), indicating lower participation during the recent decline. This is consistent with a stock that is not experiencing panic selling but lacks buying conviction.
Assessment
The weekly chart remains bearish with price below all major SMAs and a declining structure intact. RSI has improved from oversold territory but remains below 50, keeping the medium-term momentum profile neutral at best. The narrowing MACD histogram is the first sign that the rate of decline may be slowing, but confirmation in the form of a bullish MACD crossover or a weekly close above SMA20 (34.49) would be needed to suggest a potential trend change. The stock has found support around the 30.50 area over the past two months, suggesting a potential base may be forming.
Key indicators
CNQ Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 56.10 | 47.00 |
| MACD (12, 26, 9) | -0.04 / -0.15 / 0.11 | -0.47 / -0.07 / -0.41 |
| ATR (14) | 0.65 (1.90%) | 1.49 (4.43%) |
| Bollinger Bands (20, 2) | 32.09 - 35.69 | 30.29 - 39.40 |
| SMA (20) | 33.17 | 34.49 |
| SMA (50) | 33.08 | 35.75 |
| SMA (200) | 36.18 | 37.63 |
Price structure
CNQ Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 34.18 | 33.63 |
| 1-Period Return | +1.12% | +2.91% |
| 5-Period Return | +4.08% | +3.86% |
| 20-Period Return | +4.88% | +2.82% |
| 60-Period Return | -2.90% | -5.40% |
| 252-Period Return | -17.23% | -20.44% |
| 52-Week Low | 30.48 | 30.48 |
| 52-Week High | 42.72 | 42.72 |
| 52-Week Position | 29.51% | 26.35% |
Key levels
CNQ Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 35.69 | 37.42 |
| 20-Period Low | 31.48 | 30.48 |
| 60-Period High | 35.14 | 42.72 |
| 60-Period Low | 30.48 | 30.48 |
Scenarios
CNQ Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above SMA200 (36.18) with sustained volume, establishing an uptrend and confirming a trend reversal.
Invalidation
Price falls back below SMA50 (33.08) and breaks the 20-day low at 31.48.
What to watch
Daily RSI holding above 55; MACD histogram continuing to expand; weekly RSI crossing above 50; oil prices trending higher as a macro tailwind.
Range-Bound
Trigger
Price oscillates between support at 31.48 (20-day low) and resistance at SMA200 (36.18), with no clear directional breakout.
Invalidation
A decisive break above 36.18 or below 31.48 with increasing volume.
What to watch
RSI fluctuating between 45 and 55; MACD histogram ranging near zero; volume remaining at or below average; crude oil price stability.
Bearish
Trigger
Price fails to hold above SMA20 (33.17) and breaks below the 20-day low at 31.48, resuming the longer-term downtrend.
Invalidation
Price holds above SMA20 (33.17) and establishes a higher low above 31.48.
What to watch
Daily RSI falling below 45; MACD histogram turning negative again; volume increasing on down days; weekly MACD line moving further below signal; oil price weakness.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Finviz (independent cross-validation). The daily analysis covers approximately 2 years (501 completed bars) ending July 14, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 6, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 14, 2026, weekly July 6, 2026 week. Generated July 15, 2026.
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