Meanwhile, Raymond James upgraded its Canadian Natural Resources Ltd [CNQ] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid March from “a Sector perform” to “a Sector outperform”. Evercore ISI also remained covering CNQ and has increased its forecast on March 07, 2025 with a “an Outperform” recommendation from previously “an In-line” rating.
Price Performance Review of CNQ
On Monday, Canadian Natural Resources Ltd [NYSE:CNQ] saw its stock fall -0.49% to $28.66. Over the last five days, the stock has gained 5.45%. Canadian Natural Resources Ltd shares have fallen nearly -7.16% since the year began. Nevertheless, the stocks have fallen -25.77% over the past one year. While a 52-week high of $39.20 was reached on 01/10/25, a 52-week low of $24.65 was recorded on 04/09/25. SMA at 50 days reached $29.20, while 200 days put it at $32.62.
Levels Of Support And Resistance For CNQ Stock
The 24-hour chart illustrates a support level at 28.35, which if violated will result in even more drops to 28.03. On the upside, there is a resistance level at 28.91. A further resistance level may holdings at 29.16. The Relative Strength Index (RSI) on the 14-day chart is 49.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.20%. Stochastics %K at 60.17% indicates the stock is a holding.
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 2025-03-31, growing by 87.56 million shares to a total of 128.59 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 41.03 million shares. There was a rise of 68.09%, which implies that there is a positive sentiment for the stock.
