CNQ Technical Signal Analysis
CNQ have 1 buy signal and 4 sell signals now. The current trend is uptrend starting from 2025-03-04. The total price change during this trend is +6.61%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of CNQ over last 5 trading day is $219,301,701.69
1 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.4
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.01
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.55
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
89.81
Bearish
Moving Average
Price crosses below 20-day SMA
--
Bearish
1 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.4
Bullish
CNQ Support and Resistance Level
The support levels for CNQ are at 26.25, 25.35, and 23.89, while the resistance levels are at 29.17, 30.08, and 31.54. With the current stock price at 28.71, it is leaning more toward the resistance levels.
CNQ Technical Analysis
Technical Analysis of CNQ Stock
Current Price and Volume:
- Price: $28.40 (as of 2025-03-07)
- Volume: 11,419,780
Technical Indicators:
- RSI: 51.03 (RSI_6), 42.49 (RSI_12), 41.81 (RSI_14)
- Stochastic Oscillator: %K = 43.56, %D = 33.49
- MACD: -0.87
- Fibonacci Levels:
- Resistance: $29.67, $30.73
- Support: $26.22, $25.16
- Pivot: $27.94
- Bollinger Bands: The stock is near the lower band, suggesting potential undervaluation.
Analysis:
The stock is in a bearish trend with the MACD and Stochastic Oscillator indicating bearish signals. However, the RSI is not oversold, and the stock is near the lower Bollinger Band, suggesting a possible bounce. Fibonacci support levels are nearby, which could act as a floor.
News and Sentiment:
- Bearish sentiment with heavy put volume (Ref 2).
- Bullish option flow noted recently (Ref 4).
- Analyst consensus is Moderate Buy with a target of $37.82 (Ref 3, Ref 4).
Conclusion:
Buy CNQ stock at the current price of $28.40. The stock is near support levels and has positive analyst sentiment, indicating potential upside.
CNQ FAQs
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CNQ Buy or Sell
CNQ has 1 buy signals and 4 sell signals now. Overall the technical rating for CNQ is Sell.
Sell
Sell
4
Buy
1
CNQ Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 28.71 above the SMA_5. In the short term, the stock shows a negative trend with the 28.69 below the SMA_20. In the mid term, the stock shows a negative trend with the 28.9 below the SMA_60. In the long term, the stock shows a negative trend with the 30.26 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about CNQ's current trend?What are CNQ's key support and resistance levels?