Not investment advice. Free educational tool; signals are automated and may contain errors. Disclaimer

CNQCanadian Natural Resources Ltd

NYSEDaily chart
Range low retest · 5 Aug 2024

CNQ slipped below its $35.42 – $41.29 range and came back to test the low on 5 Aug 2024.

Range low
$35.42
support
Range high
$41.29
17% above the low
In the range since
Mar 2024
6 mo
Close on retest day
$32.92
7% below the range low
  • Previous range $24.65 – $31.47 lasted 11 mo and broke upward at $45.85.
  • 6 sideways ranges found since 2021.
What is a range retest, and how do I read the chart?

A stock moves sideways between a floor (the range low) and a ceiling (the range high) for a long time. Then it drops below the floor, fails to climb back in, and returns to test that low again. Traders also call this a spring. Some springs mark the end of a decline; many don't.

On the chart, each candle is one trading day. The purple lines are the range the signal came from, and the green Retest label marks the day RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Daily chart

Sideways range history

RangeStartedEndedOutcomeRetests
4 Mar 2026Still open——
2 Apr 20252 Mar 2026 · 11 moBroke above the range at $45.85—
26 Aug 20244 Mar 2025 · 6 moBroke below the range at $25.62—
11 Mar 202416 Sept 2024 · 6 moBroke below the range at $31.665 Aug 2024
12 Oct 202211 Apr 2024 · 1 yr 6 moBroke above the range at $41.29—
20 Dec 20218 Mar 2022 · 3 moBroke above the range at $30.27—

Retest signals

  • 5 Aug 2024 · 5 mo into the range

Other stocks with a recent daily retest

All daily-chart retest signals →
All NYSE stocks with daily retest patterns →
All NYSE stocks with weekly retest patterns →

Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.