While this happened, A number of analysts have revised their coverage, including Desjardins’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Hold”. UBS began covering CNQ with “Buy” recommendation on July 12, 2023.
Price Performance Review of CNQ
On Tuesday, Canadian Natural Resources Ltd [NYSE:CNQ] saw its stock jump 1.40% to $32.70. Over the last five days, the stock has gained 8.06%. Canadian Natural Resources Ltd shares have risen nearly 5.93% since the year began. Nevertheless, the stocks have fallen -2.49% over the past one year. While a 52-week high of $41.29 was reached on 01/07/25, a 52-week low of $29.23 was recorded on 01/02/25. SMA at 50 days reached $32.78, while 200 days put it at $35.35.
Levels Of Support And Resistance For CNQ Stock
The 24-hour chart illustrates a support level at 32.35, which if violated will result in even more drops to 31.99. On the upside, there is a resistance level at 32.94. A further resistance level may holdings at 33.17. The Relative Strength Index (RSI) on the 14-day chart is 59.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.34%. Stochastics %K at 92.78% indicates the stock is a selling.
How much short interest is there in Canadian Natural Resources Ltd?
A steep rise in short interest was recorded in Canadian Natural Resources Ltd stocks on 2024-12-13, growing by 85.6 million shares to a total of 109.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.91 million shares. There was a rise of 78.16%, which implies that there is a positive sentiment for the stock.
