Canadian Natural Resources' 15min chart shows RSI Oversold and KDJ Golden Cross.

Based on the 15-minute chart of Canadian Natural Resources, the RSI indicator has recently entered an oversold territory, while the KDJ indicator has recently formed a golden cross at 09/03/2025 11:45. This suggests that the stock price has dropped rapidly and is trading below its fundamental support level, but momentum is shifting towards the upside and has the potential to continue increasing further.

Canadian Natural Resources Limited (CNQ) has seen its stock price experience a recent drop, entering oversold territory according to the RSI indicator. Concurrently, the KDJ indicator has formed a golden cross at 09/03/2025 11:45, suggesting a potential shift in momentum towards the upside. These technical signals indicate that the stock may be poised for a rebound, despite trading below its fundamental support level.

The RSI (Relative Strength Index) indicator, which measures the speed and change of price movements, has entered oversold territory, indicating that the stock has been selling off rapidly. This can often be a signal that the stock may be undervalued and could be due for a correction [1].

The KDJ (Kaufman Adaptive Moving Average) indicator, which is a trend-following momentum oscillator, has formed a golden cross. A golden cross occurs when a shorter-term moving average crosses above a longer-term moving average, suggesting a potential change in trend. This signal, combined with the oversold RSI, suggests that the stock may be bottoming out and could see a rebound [2].

Canadian Natural Resources Limited reported its second-quarter 2025 earnings on August 7, with adjusted earnings per share of $0.51, beating the Zacks Consensus Estimate of $0.44. The company also announced a quarterly dividend of $0.4269 per share, a boost from the previous quarterly dividend of $0.42 [2].

Despite the recent decline, the stock's fundamentals remain strong. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85, and a quick ratio of 0.54. The market capitalization stands at $66.17 billion, with a PE ratio of 11.23 and a beta of 1.05 [1].

Institutional investors and hedge funds hold 74.03% of the company's stock, indicating strong investor confidence in the company's long-term prospects. Several research analysts have upgraded their ratings for CNQ, with an average rating of "Moderate Buy" and an average target price of $62.00 [1].

While the recent technical indicators suggest a potential rebound, investors should remain vigilant and monitor the stock closely for any further signals or changes in the market conditions. The combination of oversold conditions and a golden cross provides a bullish outlook, but investors should always consider their risk tolerance and investment goals before making any decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-pinnacle-wealth-planning-services-inc-takes-position-in-canadian-natural-resources-limited-cnq-2025-08-31/
[2] https://www.barchart.com/stocks/quotes/CNQ