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); RSI 39 — healthy momentum range; strong 1-year return of +47.5%. Concerns: below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-0.99% over 10 days); declining volume on rally — weak conviction (0.75x 30d avg). Currently 11.0% off its 52-week high. Score: +1/7.
CNQ is holding above its long-term 200-day MA ($38.20) but has slipped below the 50-day MA ($46.74), pointing to short-term weakness in an otherwise intact trend. An RSI of 38.5 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +47.5% compares to +24.4% for SPY (beat the market by 23.1%).