Canadian Natural $CNQ Technical Update

The Canadian Natural (NYSE: CNQ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CNQ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →Near Mid Long
Bias Weak Weak Neutral
P1 31.32 31.04 30.04
P2 31.91 34.08 34.76
P3 32.55 37.08 39.42

Long Term Trading Plans for CNQ

September 14, 2018, 8:15 am ET

The Technical Summary and Trading Plans for CNQ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CNQ Report.

CNQ - (Long) Support Plan

Buy over 30.04 target 34.76 stop loss @ 29.78.
The technical summary data tells us to buy CNQ near 30.04 with an upside target of 34.76. This data also tells us to set a stop loss @ 29.78 to protect against excessive loss in case the stock begins to move against the trade. 30.04 is the first level of support below 32.05 , and by rule, any test of support is a buy signal. In this case, support 30.04 would be being tested, so a buy signal would exist.

CNQ - (Short) Resistance Plan

Short under 34.76 target 30.04 stop loss @ 35.02.
The technical summary data is suggesting a short of CNQ as it gets near 34.76 with a downside target of 30.04. We should have a stop loss in place at 35.02 though. 34.76 is the first level of resistance above 32.05, and by rule, any test of resistance is a short signal. In this case, if resistance 34.76 is being tested, so a short signal would exist.

CNQ Long Term Analysis

CNQ EPS Analysis

CNQ Dividend Chart

CNQ Revenue chart

CNQ Growth rate - Quarterly

CNQ Growth rate - Yearly

CNQ PE chart

CNQ PEG chart