pool adsCanadian Natural $CNQ Trading Report
The Canadian Natural (NYSE: CNQ) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for CNQ, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Weak |
| P1 | 0 | 0 | 10.86 |
| P2 | 16.13 | 16.48 | 17.62 |
| P3 | 16.61 | 17.29 | 23.86 |
Support and Resistance Plot Chart for CNQ
Long Term Trading Plans for CNQ
July 10, 2020, 7:45 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
The technical summary data tells us to buy CNQ near 10.86 with an upside target of 17.62. This data also tells us to set a stop loss @ 10.6 to protect against excessive loss in case the stock begins to move against the trade. 10.86 is the first level of support below 16.21 , and by rule, any test of support is a buy signal. In this case, support 10.86 would be being tested, so a buy signal would exist.
CNQ - (Short) Resistance Plan
The technical summary data is suggesting a short of CNQ as it gets near 17.62 with a downside target of 10.86. We should have a stop loss in place at 17.88 though. 17.62 is the first level of resistance above 16.21, and by rule, any test of resistance is a short signal. In this case, if resistance 17.62 is being tested, so a short signal would exist.
