CNQ Forecast and Technical Stock AnalysisSell candidate since 2019-07-16 Loss -3.53%
Canadian Natural Resources Limited fell by -2.37% in the last day ( Thursday, 18th Jul 2019 ) from $26.63 to $26.00 and has now fallen 5 days in a row. During day the stock fluctuated 4.10% from a day low at $25.62 to a day high of $26.67. The price has fallen in 6 of the last 10 days and is down by -2.26% for this period. Volume has increased in the last day by 1.48 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.97 million shares bought and sold for approximately $103.22 million.
- 30 day high of the CNQ stock price was $28.23 and low was $25.62.
- 90 day high was $31.77 and low was $25.42.
- 52 week high for the Canadian Natural Resources Limited - $36.80 and low - $21.85.
Canadian Natural Resources Limited lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.01% during the next 3 months and, with 90% probability hold a price between $21.97 and $25.05 at the end of this period.
There are few to none technical positive signals at the moment. Canadian Natural Resources Limited holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $27.15 and $26.96. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 41 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Canadian Natural Resources Limited finds support from accumulated volume at $25.89.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.05 (4.10%) between high and low. For the last week, the stock has had a daily average volatility of 2.63%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.63 %Average volatility
Very Low Low Medium High Very High
Canadian Natural Resources Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|CNQ $26.00 ($-0.63 -2.37%)|
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