Canadian Natural Resources Sees MACD Golden Cross, Bollinger Bands Expand Upward.

Based on the 15-minute chart of Canadian Natural Resources, the MACD indicator has recently generated a Golden Cross and Bollinger Bands are expanding upward. This technical analysis suggests that the stock price has the potential to continue rising, with market momentum driven by buying pressure.

Canadian Natural Resources Limited (CNQ) has shown positive technical signals and increased institutional buying, indicating potential upside for the stock. The company's stock price has been rising, with recent gains driven by a Golden Cross generated by the MACD indicator and expanding Bollinger Bands, suggesting upward momentum [1].

On Friday, August 29, 2025, CNQ's stock price gained 0.508%, rising from $31.49 to $31.65. The stock has been on a three-day winning streak, with a total gain of 1.15% since August 27, 2025. During the last trading day, the stock fluctuated 1.31% from a day low at $31.40 to a day high of $31.81 [1].

Institutional investors have also been boosting their positions in CNQ. Point72 Europe London LLP grew its stake by 101.4% in the first quarter, owning 793,240 shares of the stock. Other institutional investors, such as the Canada Pension Plan Investment Board and T. Rowe Price Investment Management Inc., have also increased their stakes in the company [2].

Technical analysis suggests that CNQ is in a positive short-term trend, with most signals being buy. The stock holds buy signals from both short and long-term Moving Averages, and the 3-month MACD also indicates a buy signal. Support levels at $31.04 and $30.87 are expected to hold, with a potential pivot bottom point at Tuesday, August 19, 2025, where the stock has risen 7.98% [1].

For the upcoming trading day on Tuesday, September 2, 2025, CNQ is expected to open at $31.62 and move between $31.35 and $31.95, with a possible trading interval of +/-$0.600 (+/-1.92%) up or down from the last closing price [1].

The company's recent earnings report showed strong performance, with earnings per share (EPS) of $0.51, beating analysts' consensus estimates of $0.44. The company's return on equity was 19.67%, and the net margin was 19.00%. Analysts have set new price targets, with a consensus rating of "Moderate Buy" and an average price target of $62.00 [2].

Canadian Natural Resources Limited is expected to pay a quarterly dividend of $0.4269 per share on Friday, October 3, 2025, representing a $1.71 annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, September 19, 2025 [2].

In conclusion, CNQ's recent technical signals and increased institutional buying suggest potential upside for the stock. Investors should closely monitor the company's performance and technical indicators for further insights.

References:
[1] https://stockinvest.us/stock/CNQ
[2] https://www.marketbeat.com/instant-alerts/filing-point72-europe-london-llp-has-2444-million-stake-in-canadian-natural-resources-limited-cnq-2025-08-31/