Canadian Natural Resources Limited technical analysis
Technical analysis of Canadian Natural Resources Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Canadian Natural Resources Limited
Canadian Natural Resources Limited is a company engaged in the acquisition, exploration, development, production and sale of crude oil, natural gas and natural gas liquids in Western Canada, the North Sea and offshore Africa. The company produces synthetic crude oil, bitumen, light and medium crude oil, thermal bitumen and heavy crude oil, and operates midstream assets including crude oil pipeline systems. Founded in 1973 and headquartered in Calgary, Canada, the company operates in the energy sector.
Description generated automatically from public sources; it may be inaccurate or out of date.
Canadian Natural Resources Limited: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
70.51
+8.46%
50 sessions
69.57
+9.91%
200 sessions
61.63
+24.07%
Session levels
s2
73.54
Support
s1
74.88
Support
pivot
76.19
Pivot
r1
77.53
Resistance
r2
78.84
Resistance
How to read it
In the October 21, 2026 session Canadian Natural Resources Limited closed higher at 76.47 , +0.31% versus the previous session.
The price sits above every moving average observed: +8.46% against the 21-session average, +9.91% against the 50 and +24.07% against the 200.
The 14-period RSI reads 73.1, in overbought territory.
MACD stands at 2.118 against a signal line at 1.369: the histogram is positive (+0.748).
ADX reads 26.8, indicating a marked directionality.
Levels computed on the latest session place supports at 74.88 and 73.54 and resistances at 77.53 and 78.84 , around a pivot of 76.19.
The average daily range (ATR) is 1.810 , or 2.37% of price.
Turnover was 3.3M shares, 28% of the 20-session average.
Over the last twelve months the price ranged between 54.66 and 77.49 , and today stands −1.32% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Canadian Natural Resources Limited
How is Canadian Natural Resources Limited analysed technically?
Technical analysis of Canadian Natural Resources Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Canadian Natural Resources Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Canadian Natural Resources Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Canadian Natural Resources Limited it helps frame the technical structure of the historical chart and is not a forecast.
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