Canadian Natural Resources Ltd (CNQ): Price Now Near $34.26; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for CNQ

At the moment, CNQ (Get Ratings)’s price is up $0.3 (0.88%) from the hour prior. CNQ has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

CNQ ranks 46th in terms of today’s price percentage change out of Petroleum and Natural Gas stocks.

CNQ’s Technical Outlook on the Daily Chart

Currently, CNQ’s price is up $0.75 (2.24%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows CNQ’s price action over the past 90 days.

CNQ

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market