Canadian Natural Resources Limited (CNQ) is trading at $46.85, which is -7.3% below its all-time high of $50.55. The Drawdown Severity Score is 1.4, placing it in the green (normal) zone. Over its tracked history, CNQ has experienced 113 significant drawdown events with an average maximum drawdown of -5.5%.
Data last updated: April 14, 2026 at 07:55 AM EDT
CNQ
StockCanadian Natural Resources Limited
Price
$46.85
as of Apr 13, 2026
All Time High: $50.55
Slightly Elevated
Current Drawdown
-7.3%
Days in Drawdown
16
Avg Max Drawdown
5.5%
Avg Length
74
Drawdown Severity Score™
1.4
CNQ - Price & High Water Mark
CNQ - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Canadian Natural Resources Limited (CNQ) Analysis: Current Drawdown Insights
Canadian Natural Resources Limited is currently in a moderate drawdown. As of 2026-04-13, the stock is trading at $46.85, down 7.3% from its all-time high of $50.55. This pullback has lasted 16 days.
Based on comprehensive historical analysis spanning 14 years, Canadian Natural Resources Limited typically experiences drawdowns averaging 5.5% in depth, with an average duration of 74 days. Canadian Natural Resources Limited has gone through 113 total drawdown events in the last 14 years. The largest drawdown for Canadian Natural Resources Limited in the last 14 years was 81.5%. The longest drawdown duration in its history was 4856 days.
The Drawdown Severity Score™ for Canadian Natural Resources Limited currently stands at 1.41. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range—a routine pullback.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing Canadian Natural Resources Limited's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 113 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-03-28 | Ongoing | 16 days | -7.3% | $50.55 | $46.85 | — |
| 2024-04-08 | 2024-04-09 | 2 days | -0.4% | $38.14 | $37.97 | $38.43 |
| 2024-03-26 | 2024-03-28 | 3 days | -0.9% | $35.62 | $35.29 | $35.86 |
| 2024-03-22 | 2024-03-25 | 4 days | -0.2% | $34.90 | $34.82 | $35.62 |
| 2024-03-15 | 2024-03-20 | 6 days | -1.4% | $34.60 | $34.11 | $34.67 |
| 2024-03-12 | 2024-03-13 | 2 days | -0.1% | $33.54 | $33.50 | $34.37 |
| 2024-03-08 | 2024-03-11 | 3 days | -0.6% | $33.53 | $33.33 | $33.54 |
| 2024-03-04 | 2024-03-07 | 4 days | -2.1% | $33.51 | $32.79 | $33.53 |
| 2023-12-27 | 2024-02-29 | 65 days | -12.1% | $31.40 | $27.62 | $32.40 |
| 2023-11-03 | 2023-12-26 | 54 days | -8.7% | $31.21 | $28.49 | $31.40 |
| 2023-10-17 | 2023-11-02 | 17 days | -5.9% | $30.98 | $29.15 | $31.21 |
| 2023-09-29 | 2023-10-13 | 15 days | -9.0% | $30.38 | $27.65 | $30.67 |
| 2023-09-07 | 2023-09-27 | 21 days | -4.7% | $29.73 | $28.32 | $30.33 |
| 2022-04-21 | 2023-08-28 | 495 days | -31.6% | $28.34 | $19.39 | $28.37 |
| 2022-04-19 | 2022-04-20 | 2 days | -0.4% | $27.68 | $27.57 | $28.34 |
| 2022-04-11 | 2022-04-12 | 2 days | -2.8% | $26.48 | $25.73 | $26.56 |
| 2022-04-05 | 2022-04-08 | 4 days | -2.7% | $26.37 | $25.65 | $26.48 |
| 2022-03-28 | 2022-04-04 | 8 days | -2.7% | $26.25 | $25.53 | $26.37 |
| 2022-03-24 | 2022-03-25 | 2 days | -0.4% | $26.06 | $25.96 | $26.25 |
| 2022-03-22 | 2022-03-23 | 2 days | -1.3% | $25.78 | $25.43 | $26.06 |
| 2022-03-18 | 2022-03-21 | 4 days | -0.9% | $25.26 | $25.03 | $25.78 |
| 2022-03-14 | 2022-03-17 | 4 days | -5.1% | $24.83 | $23.58 | $25.26 |
| 2022-03-09 | 2022-03-10 | 2 days | -3.0% | $24.35 | $23.62 | $24.56 |
| 2022-03-03 | 2022-03-04 | 2 days | -0.8% | $23.50 | $23.31 | $24.05 |
| 2022-02-17 | 2022-02-25 | 9 days | -4.1% | $22.05 | $21.15 | $22.33 |
| 2022-02-07 | 2022-02-16 | 10 days | -5.6% | $21.85 | $20.63 | $22.05 |
| 2022-01-20 | 2022-02-04 | 16 days | -7.1% | $21.64 | $20.10 | $21.85 |
| 2022-01-10 | 2022-01-11 | 2 days | -0.5% | $19.29 | $19.19 | $19.68 |
| 2021-11-10 | 2022-01-05 | 57 days | -10.5% | $17.59 | $15.75 | $17.68 |
| 2021-11-08 | 2021-11-09 | 2 days | -0.0% | $17.58 | $17.57 | $17.59 |
| 2021-11-02 | 2021-11-05 | 4 days | -2.2% | $17.44 | $17.07 | $17.58 |
| 2021-10-29 | 2021-11-01 | 4 days | -1.0% | $17.32 | $17.15 | $17.44 |
| 2021-10-21 | 2021-10-28 | 8 days | -2.7% | $17.27 | $16.81 | $17.32 |
| 2021-10-12 | 2021-10-13 | 2 days | -0.4% | $16.22 | $16.15 | $16.23 |
| 2021-10-06 | 2021-10-08 | 3 days | -1.9% | $15.75 | $15.46 | $16.04 |
| 2008-06-19 | 2021-10-04 | 4856 days | -81.5% | $15.14 | $2.80 | $15.38 |
| 2008-05-21 | 2008-06-18 | 29 days | -10.0% | $14.96 | $13.47 | $15.14 |
| 2008-05-14 | 2008-05-15 | 2 days | -0.0% | $13.66 | $13.66 | $13.82 |
| 2008-05-09 | 2008-05-12 | 4 days | -0.6% | $13.31 | $13.23 | $13.53 |
| 2008-05-07 | 2008-05-08 | 2 days | -0.9% | $12.91 | $12.80 | $13.31 |
| 2008-04-22 | 2008-05-06 | 15 days | -6.7% | $12.31 | $11.49 | $12.91 |
| 2007-11-07 | 2008-04-21 | 166 days | -29.8% | $11.93 | $8.38 | $12.31 |
| 2007-11-01 | 2007-11-06 | 6 days | -4.7% | $11.69 | $11.13 | $11.93 |
| 2007-10-30 | 2007-10-31 | 2 days | -4.4% | $11.56 | $11.06 | $11.69 |
| 2007-10-19 | 2007-10-29 | 11 days | -5.2% | $11.22 | $10.63 | $11.56 |
| 2007-09-19 | 2007-10-18 | 30 days | -6.4% | $11.04 | $10.33 | $11.22 |
| 2007-09-17 | 2007-09-18 | 2 days | -0.9% | $10.62 | $10.52 | $11.04 |
| 2007-07-20 | 2007-09-13 | 56 days | -16.4% | $10.39 | $8.68 | $10.52 |
| 2007-07-16 | 2007-07-18 | 3 days | -1.4% | $9.93 | $9.79 | $10.10 |
| 2007-06-18 | 2007-07-13 | 26 days | -8.2% | $9.79 | $8.99 | $9.93 |
| 2007-06-06 | 2007-06-14 | 9 days | -5.3% | $9.65 | $9.14 | $9.69 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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What History Says About CNQ
Canadian Natural Resources Limited has dropped 10%+ from its high 6 times in its tracked history. These events lasted an average of 949 days with an average max drop of -30.3%.
The current drawdown of -7.3% has lasted 16 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jun 2008 to Oct 2021 | -81.5% | 4856 days |
| Apr 2022 to Aug 2023 | -31.6% | 495 days |
| Nov 2007 to Apr 2008 | -29.8% | 166 days |
| Jul 2007 to Sep 2007 | -16.4% | 56 days |
| Dec 2023 to Feb 2024 | -12.1% | 65 days |
| Nov 2021 to Jan 2022 | -10.5% | 57 days |
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
Latest Analysis
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