Canadian Natural Resources Stock Technical Analysis

CNQ Stock  CAD 105.31  0.53  0.50%   
As of the 21st of April, Canadian Natural shows the Mean Deviation of 1.09, risk adjusted performance of 0.1521, and Downside Deviation of 1.32. Canadian Natural Res technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and collect data for nineteen technical drivers for Canadian Natural Resources, which can be compared to its peers. Please confirm Canadian Natural Res jensen alpha, as well as the relationship between the potential upside and skewness to decide if Canadian Natural Res is priced correctly, providing market reflects its regular price of 105.31 per share.

Canadian Natural Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Canadian
  
Canadian Natural's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Canadian Natural technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canadian Natural technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian Natural trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Canadian Natural Res Technical Analysis

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The output start index for this execution was six with a total number of output elements of fifty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canadian Natural Res volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Canadian Natural Res Trend Analysis

Use this graph to draw trend lines for Canadian Natural Resources. You can use it to identify possible trend reversals for Canadian Natural as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canadian Natural price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Canadian Natural Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Canadian Natural Resources applied against its price change over selected period. The best fit line has a slop of   0.54  , which means Canadian Natural Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 11208.1, which is the sum of squared deviations for the predicted Canadian Natural price change compared to its average price change.

About Canadian Natural Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canadian Natural Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canadian Natural Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian Natural Res price pattern first instead of the macroeconomic environment surrounding Canadian Natural Res. By analyzing Canadian Natural's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canadian Natural's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canadian Natural specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2022 2023 2024 (projected)
Dividend Yield0.05770.04110.0431
Price To Sales Ratio1.722.632.5

Canadian Natural April 21, 2024 Technical Indicators

Most technical analysis of Canadian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canadian from various momentum indicators to cycle indicators. When you analyze Canadian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Canadian Natural Res is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Natural Resources Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Natural Resources Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.