CNQ technical analysis
CNQ Technical Analysis
Analysis date
August 6, 2026
Market
NYSE (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
CNQ Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- CNQ
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 44.75 | August 5, 2026 | - | Verified |
| Verification series | 44.75 | August 5, 2026 | 0.00% | Verified |
Bottom line
CNQ Technical Analysis Summary
CNQ (Canadian Natural Resources) is in a confirmed uptrend on both timeframes, but the daily chart is testing its 20-day average after a sharp pullback. On the daily chart, price at 44.75 closed essentially on SMA20 (44.73) after a 3.1% drop on the latest session, with the stock still above SMA50 (43.66) and well above SMA200 (40.06). The weekly chart remains bullish with price at 47.68 above every key moving average and a rising SMA200. Daily RSI at 50.84 sits at the midline after cooling from overbought, while weekly RSI at 61.37 stays constructive. Momentum is mixed: the daily MACD histogram is positive but thin, while the weekly MACD has turned negative at -0.24, showing the advance has stalled over recent months. The stock sits at a 73.79% position in its 52-week range on the daily chart. Immediate support is SMA20 at 44.73, then the 20-day low at 41.46 and the 60-day low at 38.83. Resistance stands at the 20-day high near 47.82, the 60-day high at 49.22, and the 52-week high around 50.44. Holding SMA20 keeps the uptrend intact; a close below it would open a deeper correction.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Bullish with a near-term test. Price at 44.75 closed essentially on SMA20 (44.73), up about 2.5% from SMA50 (43.66) and about 11.7% above SMA200 (40.06). The averages hold a bullish alignment with SMA20 above SMA50 above SMA200, but the sharp pullback has brought price back to the 20-day average for a support test.
- Momentum
- Neutral after cooling. RSI14 at 50.84 sits right at the 50 midline, down from higher readings after a 3.1% decline on the latest session. MACD line at 0.94 remains above the signal line at 0.86 with a positive histogram of 0.08, so momentum has not turned negative, but the small histogram shows the upside impulse is flattening.
- Volatility
- Moderate. ATR14 at 1.28 (2.86% of price) reflects typical daily movement for an energy producer. Bollinger Bands (41.12 to 48.34) are moderately wide, and price trades in the lower half near the middle band after the pullback.
- Volume
- Slightly below average. Latest volume of 6,588,400 is 90.8% of the 20-period average (7,254,105), suggesting the pullback unfolded on modest participation rather than heavy distribution.
Assessment
The daily chart shows an uptrend that is intact but correcting. Price remains above every key moving average and closed directly on SMA20 (44.73) after a 3.1% drop, making that average the immediate pivot. RSI at 50.84 leaves room on both sides, and the MACD histogram is positive but thin. If price holds SMA20 and reclaims the recent high zone near 47.82, the uptrend resumes. A close below SMA20 opens the 20-day low at 41.46 as the next support, with the 60-day low at 38.83 further down.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 47.68 is above SMA20 (44.89), SMA50 (38.45), and well above SMA200 (31.46). All major moving averages are in a bullish alignment and the SMA200 slopes upward, confirming a long-term uptrend.
- Momentum
- Mixed. RSI14 at 61.37 is bullish but not extreme. The MACD line at 1.44 has slipped below the signal line at 1.69 with a negative histogram of -0.24, indicating weekly momentum is fading after a strong run even though price remains elevated.
- Volatility
- Elevated. ATR14 at 3.08 (6.47% of price) reflects the wide weekly ranges typical of an energy producer. Bollinger Bands (39.18 to 50.60) are wide.
- Volume
- Below average. Weekly volume of 35,319,900 is 74.1% of the 20-week average (47,689,075), showing lighter participation during the recent consolidation.
Assessment
The weekly chart keeps a clear long-term uptrend with price above every key average and a rising SMA200. The 52-week position at 85.88% confirms price in the upper portion of its yearly range. However, the negative MACD histogram and a flat 20-week return near zero show the advance has stalled over recent months. The pattern is one of an uptrend pausing, with SMA20 (44.89) as the key weekly support. Holding it keeps the trend constructive, while a weekly close below it would signal a deeper correction toward SMA50 (38.45).
Key indicators
CNQ Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 50.84 | 61.37 |
| MACD (12, 26, 9) | 0.94 / 0.86 / 0.08 | 1.44 / 1.69 / -0.24 |
| ATR (14) | 1.28 (2.86%) | 3.08 (6.47%) |
| Bollinger Bands (20, 2) | 41.12 - 48.34 | 39.18 - 50.60 |
| SMA (20) | 44.73 | 44.89 |
| SMA (50) | 43.66 | 38.45 |
| SMA (200) | 40.06 | 31.46 |
Price structure
CNQ Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 44.75 | 47.68 |
| 1-Period Return | -3.10% | +2.67% |
| 5-Period Return | -3.66% | +20.74% |
| 20-Period Return | +5.47% | +0.39% |
| 60-Period Return | +1.57% | +56.02% |
| 252-Period Return | +48.23% | +227.54% |
| 52-Week Low | 28.73 | 28.73 |
| 52-Week High | 50.44 | 50.80 |
| 52-Week Position | 73.79% | 85.88% |
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 | 47.82 | 50.80 |
| 20-Period Low | 41.46 | 38.83 |
| 60-Period High | 49.22 | 50.80 |
| 60-Period Low | 38.83 | 28.73 |
Scenarios
CNQ Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price holds the SMA20 support near 44.73 on the daily chart and reclaims the recent high zone around 47.82, then the 52-week high near 50.44.
Invalidation
Price closes below SMA20 (44.73) and breaks the 20-day low at 41.46.
What to watch
Daily RSI reclaiming the 55 to 60 zone; the daily MACD histogram expanding; the weekly MACD histogram turning positive; crude oil prices stabilizing or firming.
Range-Bound
Trigger
Price oscillates between support near SMA20 (44.73) and the 20-day low at 41.46 and resistance at the 20-day high near 47.82.
Invalidation
A decisive break above 47.82 or below 41.46 with increasing volume.
What to watch
RSI fluctuating around 50 on the daily chart; the daily MACD histogram hovering near zero; volume staying at or below average; energy sector news flow.
Bearish
Trigger
Price loses the SMA20 (44.73) and breaks the 20-day low at 41.46, while the weekly MACD histogram deepens.
Invalidation
Price reclaims SMA20 (44.73) and holds above it.
What to watch
Daily RSI holding below 45; increasing volume on down days; weekly price closing below SMA20 (44.89); crude oil weakness.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
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.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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