BULLISH SIGNALS

Undervaluation [compared with sector average]:
Price/Earnings and Earnings Yield
+    Price/Earnings of 14 [15.6]. The P/E of 14.0 plus annual inflation in the Canada of 6.7% adds up to 20.7, well within the value benchmark Rule of 19.
+    Earnings yield of 7.2% is 2.2 times the 10-year bond yield of 3.2%.
Dividend Yield
+    To quote Benjamin Graham: - "A dividend yield of at least two-thirds the triple-A bond yield"; the stock's dividend yield is 1.6 times the triple-A bond yield of 3.2%.
+    The relative yield of CNQ, defined by its yield of 5.2%, divided by average yield of dividend yielding stocks in the S&P/TSX 60 Index of 3.0% is 174.7%. This suggests Canadian Natural Resources stock is undervalued in dividend yield terms.
MCap/Total Assets
+    Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.1. Compared with the rest of the market the stock is undervalued.

Uptrend:
Price/Moving Average Price and MACD:
+    The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 40.46 minus the 26-day EMA of 40.42 is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
+    The price to 50-day EMAP ratio is 1.0, a bullish indicator. In the past 50 days this ratio has exceeded 1.0 just thrice suggesting a resistance level.The 50-day EMAP has increased to CAD40.92. An increase is another bullish indicator.
Past Week:
+    Canadian Natural Resources Limited is placed 220/878 in BuySellSignals' ranking of Canadian performers in the past week, a percentile ranking of 75.
+    In the past week, volume was 0.8 times average and the shares were up 6.2%. Friday's close price is at a 4.6% premium to its 5-day Volume Weighted Average Price (VWAP) of CAD40.66.
Past Month:
+    Rises to Falls: in the past month the number of rises outnumbered falls 15:7 or 2.1:1.
+    The present value of CAD1,000 (PV1000) invested one month ago in Canadian Natural Resources is CAD1,124, for a capital gain of CAD124.

PV$1000	1-week	1-month
CNQ.TSX	1,062	1,124
S&P/TSX 60 Index	1,009	1,048

BEARISH SIGNALS

Overvaluation [compared with sector average]:
Price to Sales
+    Price/Sales of 3 [2.4].
Price to Book
+    Price to Book of 2.3 [1.6].
Price to EBITDA
+    Price to EBITDA of 6.1 [4.9].

Downtrend:
Price/Moving Average Price:
+    The Price/MAP of 0.96 for CNQ is lower than the Price/MAP for the S&P/TSX 60 Index of 1.09.
+    The price to 200-day MAP ratio is 0.96. In the past 200 days this ratio has been under 0.96, 88 times suggesting downside. The 50-day MAP of CAD40.77 is lower than the 200-day MAP of CAD44.15, a bearish indicator. The 200-day MAP has decreased to CAD44.15. A decrease is another bearish indicator.
Relative Strength (6 months):
+    In the Canadian market of 950 stocks and 23 units traded today, the stock has a 6-month relative strength of 36 which means it has underperformed 64.0% of the market.

Overbought/Bearish/Resistance Signals:
+    At CAD42.53 the price has risen above the upper Bollinger band resistance of CAD42.31, indicating a downside risk for it to fall back within the band.
+    The stock is overbought according to the Williams % R indicator of -4.1, suggesting the price is close to its 14-day high of CAD42.70.