Question 1

What does the Stochastic Oscillator suggest about CNQ's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 2

How did CNQ's Momentum indicator behave recently?

Accepted Answer

CNQ saw its Momentum Indicator move above the 0 level on August 09, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In 64 of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for CNQ?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CNQ just turned positive on August 09, 2024. Looking at past instances where CNQ's MACD turned positive, the stock continued to rise in 36 of 46 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for CNQ?

Accepted Answer

CNQ moved above its 50-day moving average on August 12, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for CNQ?

Accepted Answer

The 10-day moving average for CNQ crossed bullishly above the 50-day moving average on August 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 13 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day price advance indicate for CNQ?

Accepted Answer

Following a +2.57% 3-day Advance, the price is estimated to grow further. Considering data from situations where CNQ advanced for three days, in 243 of 349 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for CNQ's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNQ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

What does CNQ breaking above its upper Bollinger Band indicate?

Accepted Answer

CNQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on CNQ's trend?

Accepted Answer

The Aroon Indicator for CNQ entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

CNQ Stock Canadian Natural Resources (CNQ, $70.35) RSI Indicator left the oversold zone on June 07, 2024

Momentum Indicator for CNQ turns positive, indicating new upward trend

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