Where Will Canadian Natural Resources Ltd (CNQ) Stock Go Next After It Has Risen 2.40% in a Week?

Overall market sentiment has been high on Canadian Natural Resources Ltd (CNQ) stock lately. CNQ receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Canadian Natural Resources Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CNQ!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CNQ Stock Today?

Canadian Natural Resources Ltd (CNQ) stock is trading at $76.05 as of 12:28 PM on Thursday, Mar 28, a gain of $0.58, or 0.77% from the previous closing price of $75.47. The stock has traded between $75.55 and $76.21 so far today. Volume today is light. So far 812,085 shares have traded compared to average volume of 2,762,796 shares.

More About Canadian Natural Resources Ltd

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves. Click Here to get the full Stock Report for Canadian Natural Resources Ltd stock.