Canadian Natural Resources Limited
Here’s whether Canadian Natural Resources Limited (CNQ) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Neutral.
Positives: trading above the 200-day MA (long-term uptrend intact); 50-day MA is rising (+4.35% over 10 days); strong 1-year return of +52.6%; 3-month momentum positive (+25.2%). Concerns: below the 50-day MA (medium-term momentum negative); RSI 28 — oversold. Currently 16.2% off its 52-week high. Score: +3/7.
CNQ is holding above its long-term 200-day MA ($35.57) but has slipped below the 50-day MA ($45.32), pointing to short-term weakness in an otherwise intact trend. An RSI of 27.7 has dropped into oversold territory, which has historically preceded short-term bounces. The 1-year return of +52.6% compares to +35.1% for SPY (beat the market by 17.6%).