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Takip Edin: @UscMarketsCNQ Stock Forecast & Canadian Natural Resources Chart Analysis
This article provides a detailed analysis of CNQ-Canadian Natural Resources stock including a forecast for CNQ shares. It features Canadian Natural Resources Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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CNQ Historical Data Review
CNQ Current Price Performance Analysis
The Canadian Natural Resources - CNQ stock traded on the American stock market, on 06-05-2024, closed at 71.6$ with a %-0.17 decreased compared to the previous day.
In the last month, the price of CNQ changed by %-5.75 decreased in value, from 75.97 dollars on 05-06-2024 to 71.6 dollars, decreased.
Last year, the price of CNQ was 55.85 dollars on 06-06-2023, and changed by %28.20 increased in value, to 71.6 dollars increased within a year.
The price of Canadian Natural Resources stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CNQ with AI Stock Forecast & Price Target
On the CNQ chart Canadian Natural Resources price was recorded as 71.6 Dollars on 06/05/2024.
The artificial intelligence's forecast on CNQ stock is as follows.
The artificial intelligence's prediction error margin for CNQ stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Canadian Natural Resources stock over the next 4 months is: 75.8 Dollars.
The commentary on CNQ stock Target Price: Highest: 85.33 Dollars is predicted.
The commentary on CNQ stock Target Price: Lowest: 68.628 Dollars is predicted.
Resistance Price where Canadian Natural Resources stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 75.209 |
| 09-23-2024 | 76.711 |
| 02-20-2025 | 82.717 |
Support Price where Canadian Natural Resources stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 69.380 |
| 11-07-2024 | 68.628 |
| 03-17-2025 | 81.074 |
The commentary on CNQ stock: The target price can generally be said to be on the rise.
The commentary on CNQ stock: Fluctuations in the target price can be expected in the coming days.
The target price for Canadian Natural Resources stock by the end of 2024 is predicted to be 76.069 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CNQ stock, and the 2024 target price predictions for Canadian Natural Resources are detailed above.
The technical analysis and charts for the commentary on CNQ stock are below.
CNQ Support & Resistance and Trend Analysis
CNQ stock you have reviewed the technical analysis support resistance charts regarding.
CNQ : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CNQ review, the Canadian Natural Resources support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Canadian Natural Resources Support and Resistance Prices:
| CNQ Support Level Price | CNQ Resistance Level Price |
|---|---|
| 58.91 | 65.11 |
| 60.26 | 68.13 |
| 60.49 | 68.30 |
| 60.89 | 68.74 |
| 61.66 | 74.52 |
| 70.34 | 77.72 |
| 73.35 | 78.32 |
| 74.54 | 78.40 |
| 82.58 |
CNQ Technical Analysis: SMA, RSI, MACD
Upon reviewing the CNQ chart, buy and sell signals have been generated in the Canadian Natural Resources technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CNQ stock are as follows:- CNQ technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Canadian Natural Resources gave a 'Buy' signal when the RSI was at 28.032, with the current RSI value at 35.243.
- The technical analysis for Canadian Natural Resources indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Canadian Natural Resources stock: Click here to read more predictions on Volkswagen AG stock.
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