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Stock Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

Canadian Natural Resources Limited (NYSE:CNQ)

Sidelines Mode (+55) - CNQ is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CNQ?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNQ.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low CNQ Price Change
54.5900 55.9275 54.5000 55.8400 -0.2300
Entry Signal

MarketClub’s Trade Triangles for CNQ

long term up The long-term trend has been UP since Apr 14th, 2023 at 62.30

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2023 at 58.22

short term up The short-term trend has been UP since Jun 2nd, 2023 at 55.26

Smart Scan Analysis for CNQ

Based on our trend formula, CNQ is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CNQ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.5900 55.9275 54.5000 55.8400 -0.2300
Prev. Close Volume Bid Ask Time
55.8500 1326950 2023-06-06 15:59:53
Year High38.2Year High Date2018-05-22
Year Low24.02Year Low Date2018-11-28
52wk High69.0852wk High Date2022-06-08
52wk Low44.4552wk Low Date2022-09-26
Year End Close28.87Average Volume1,916,477
Shares Outstanding1,094,668Short Interest8,866,537
% Institutional69Market Cap30,212M
P/E Ratio7.9344Beta1.45
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