CNQ Holds Stage 2 Uptrend near Highs, 7 of 8 Trend Checks Pass

Posted on by Eben@CANSLIM Research
CNQ daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

CNQ is trading at 50.90, just 1.8 percent below its 52-week high and 73.6 percent above its yearly low, with price holding above a rising 30-week moving average. The market focus is on the absence of any real base, as the stock sits at or near highs with only a shallow 2.6 percent one-week pause rather than a proper consolidation or VCP. Overall sentiment is bullish, with seven of eight trend template checks passing and an offensive Stage 2 setup in place.

As of 2026-09-08 · Close $50.9

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 5.05%)

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