REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how CNQ has been trading over the last 2 weeks and the past day especially. On its latest session, Canadian Natural Resources Limited ($CNQ) opened at 26.69, reaching a high of 28.11 and a low of 26.53 before closing at a price of 28.08. There was a total volume of 2938787.
VOLUME INDICATORS FOR CANADIAN NATURAL RESOURCES LIMITED ($CNQ): We saw an accumulation-distribution index of 652.06932, an on-balance volume of -25.89, chaikin money flow of 1.22535 and a force index of 0.2093. There was an ease of movement rating of 0.00264, a volume-price trend of 1.45422 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR CANADIAN NATURAL RESOURCES LIMITED ($CNQ): We noted an average true range of 0.46513, bolinger bands of 27.38936, an upper bollinger band of 24.73064, lower bollinger band of 26.53, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 27.11, high band keltner channel of 25.69, low band keltner channel of 28.53, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 26.53, a donchian channel low band of 26.53, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR CANADIAN NATURAL RESOURCES LIMITED ($CNQ): We calculated a Moving Average Convergence Divergence (MACD) of -0.02109, a MACD signal of -0.01172, a MACD difference of -0.00937, a fast Exponential Moving Average (EMA) indicator of 26.53, a slow Exponential Moving Average (EMA) indicator of 26.53, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.57981, a trix of 5.38362, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -1.28579, a KST Oscillator (KST) of 50.93418 and a KST Oscillator (KST Signal) of 50.93418 (leaving a KST difference of -9.30907). We also found an Ichimoku rating of 27.4, an Ichimoku B rating of 27.4, a Ichimoku visual trend A of 25.75749, an Ichimoku visual trend B of 25.9851, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR CANADIAN NATURAL RESOURCES LIMITED ($CNQ): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 88.93341, a stochastic oscillator of 111.26761, a stochastic oscillator signal of 111.26761, a Williams %R rating of 11.26761 and an awesome oscillator of -0.20467.
RETURNS FOR CANADIAN NATURAL RESOURCES LIMITED ($CNQ): There was a daily return of 5.09342, a daily log return of -3.60745 and a cumulative return of -3.54316.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Canadian Natural Resources Limited ($CNQ)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Canadian Natural Resources Limited ($CNQ) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.