Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Limited is trading at $49.86, up 0.53% on the session. The 50 day average sits at $44.03 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 68.8, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $44.79 with resistance near $50.00, so that band frames the current range. Average daily movement is roughly $1.18, or about 2.4% of the share price, which is what any stop placement has to allow for. The overall health score of 73 out of 100 combines a trend score of 68, momentum of 86 and a risk score of 64.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.