CNQ trade ideas
$CNQ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CNQ after a positive Under reaction following its earnings release placing the stock in drift A
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Masiview chart CNQ3.7.21 CNQ Part 1 MasiView chart . I have a very short Part 2 fore three things I forgot to mention.
BUY to CANADIAN NATURAL RESOURCES Daily Hey traders, CANADIAN NATURAL RESOURCES is in bullish momentum with a large body hammer candle shape and a return of traded buy volume. Looking at the TIMEFRAME M1 we observed a sort of short-legged water carrier candle with a fake low return of negotiated sales volume. She has come to bounce on top of the comfort zone, do a fake pull back and will start again on her low point. Who is below the base of the bollinger do a swallow for a retest of the area.
There is a great chance of breaking the price with the momentum and then the zone to be in a next one. And interfere on the top that follows followed by a test of the highest of the bollinger to get to the top of the comfort zone. In order to test it in particular excess (on TIMEFRAME H4) and short (on TIMEFRAME H1). Not enough buying push to test the intermediate median of ANDREWS PITCHFORK.
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daily analysis of CDN NATURALHi friends
the daily analysis of this market shows that we must wait for the breakout of resistance at the level 31.26 after positioning ourselves as much as the buyer the next objective is 38.13
CNQ - Full tank of gas and ready to go...CNQ is in natural gas industry. The stock in on a positive up trend and displaying buy signals on both fundamental and technical fronts.
I'm looking for a pull back to enter and aiming for 27 initial target, has potential for mid 30s.
small wedge with bullish gap fillCurrently we are inside a wedge on the verge of breaking out. I believe demand for gas will rise and with these Technicals of having a gap fill opportunity and a wedge. Moreover, we can see volume start to rise with the SMI have a really sharp crossover. we will have to keep an eye on how next week opens through.
CNQ was a top quarterly gainer, rising +110.31%. Expect Uptrend Canadian Natural Resources (CNQ, $17.22) was one of top quarterly gainers, jumping +110.31% to $17.22 per share. My A.I.dvisor analyzed 95 stocks in the Oil & Gas Production Industry over the last three months, and discovered that 93 of them (97.67%) charted an Uptrend while 2 of them (2.33%) trended down. My A.I.dvisor found 191 similar cases when CNQ's price jumped over 15% within three months. In 105 out of those 191 cases, CNQ's price went up during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend continuation for CNQ are 55%.
CNQ Day trading opportunity on MondayThis is a setup for Day Trading.
Entry is the greenline which can be monitored for a better price at 16.2 or lower.
Stop loss is at the red line.
and Target is blue zone.
CANADIAN NATURAL RESOURCES LTDif the price does not break and closes below the horizontal white line a high probability that the next target is $16.90
if the price breaks with force and closes below the horizontal white line a high probability that the next target is $12.90
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SALE CANADIAN NATURAL RESOURCES LTDSALE CANADIAN NATURAL RESOURCES LTD stop lose 12.45 and take profit 10.07
2020: Canadian Energy Set to ReboundThe entire sector of energy has taken a beating over the last while and much of the sector remains incredibly undervalued; P/Bs in many cases are well below 1.5.
In 2020 one of my top performing sector picks will be Canadian energy stocks, much moreso even than American energy stocks. The sector in Canada will be set to rebound from increasing oil prices and an increase in cap-x.
In particular stocks like Canadian Res, Enbridge, Suncor, and TRP should boast some pretty good gains over the next 12 months as I believe oil will continue to tag along in this market and push to 70-80.00 a barrel as further cuts in Saudi Arabia will remain evident.
I believe CNQ will finally break-out of its 10 year resistance level and quadruple peak and likely push 20% higher before 2021. Similarly, Suncor will likely do much the same.
I am much more bullish on the Canadian energy sector rather than the US, and for those looking for cheap value stocks with continued CAGR, growth and likely at-least a 15% upside in 2020, you want to go with TRP and ENB for the pipelines and CNQ/SU for the production.
- zSplit
Nice Energy Sector Long Pick of the Week: ENERGY Sector
$CNQ - (NYSE:CNQ)
Canadian Natural Resources Ltd
Canadian Natural Resources is one of the best positioned oil and gas companies.
With a 15% free cash flow yield at $55/barrel oil, the company can thrive in any price environment.
Canadian Natural Resources boasts a 19-year record of dividend growth at compound annual rate of 21%.
The company's current cheap valuation means that investors can lock in a 4.5% dividend yield; a 61% premium over the company's long-term average yield.
EOY P/T - $38.00 (Bullish).
Gross margin TTM49.68%
Operating margin TTM21.79%
Net Profit margin TTM19.56%
For these reasons it is one of the better performing stocks in the energy sector for 2020
Stock CNQ SeasonalityStock CNQ seasonality starts to Buy date on January 21 and ends Sell date on April 13
Percent Profitable is 84.21% in 19 years and an average return of 14.74% per year
CNQ Long• CNQ
• Why enter? Support off 20ema. Closing over 5ema showing short term strength. Bull flag on the daily chart.
• Entry: 32.25
• Stop loss: 31.54 (-2.2%)
• Profit target 1: 33.63 (4.2%)
• Profit target 2: 36.5 (13.1%)
[Long] CNQI added to my CNQ in the morning.
I think it wants to test the monthly trendline in the 34.50 range. Then it could take a break for a few weeks/months, and respond to what the macro data is doing then.
Keep in mind it pays dividends so the chart isn't even adjusted for that, actually much better total returns over time than this chart would suggest.
It is such a strong company fundamentally that when it reaches the target, I think I will keep the shares and sell covered calls against it to manage risk.
On the daily it almost put in a bullish engulfing today:
The buyers are here and it will take a lot of effort to bring this stock (and the energy sector) back down, as long as the Fed is monetizing the US deficit.
Decent Chart - Ready for The Rocket?The chart looks like it is staying within its trend. With a weakening dollar this chart could see a huge upside if the oil price creeps up.
CNQ - Potential H&S formation downward momentum shortCNQ seems forming a potential H&S formation. It seems a very good downward momentum short setup. For potential entry we would like this to cross be 26.87
