Overall CN gets a technical rating of 2 out of 10. In the past year, CN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 79% of all other stocks performed better in the past year than CN.
- CN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: CN has an average volume of 942 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- CN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CN has a been trading in a tight range between 22.86 and 24.10.
Although the technical rating is bad, CN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
21.38
When analyzing the support we notice one important area.
- A support zone ranging from 21.60 to 21.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 23.75 to 24.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.02 from a trend line in the weekly time frame.
- Resistance @25.60 from a trend line in the daily time frame.
- Resistance @26.90 from a horizontal line in the daily time frame.
- Resistance @27.72 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CN is up. |
| ChartMill Relative Strength | 21.95 | NEGATIVE | CN has a low relative strength, it was outperformed by 78.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.1 | NEUTRAL | The RSI value for CN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CN has a negative trend. |
| Stochastics (14,3) | 27.16 | NEUTRAL | The Stochastics value for CN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for CN suggests low volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for CN suggests a weak or negative trend. |
Xtrackers MSCI All China Equity ETF
NYSEARCA:CN (3/13/2024, 8:24:39 PM)
23.67
+0.01 (+0.02%)
Xtrackers MSCI All China Equity ETF / CN FAQ
What is the ChartMill technical rating of Xtrackers MSCI All China Equity ETF (CN) stock?
ChartMill assigns a technical rating of 2 / 10 to CN.
What is the trend direction for CN stock?
The current trend direction for Xtrackers MSCI All China Equity ETF (CN) is Bearish.
What is the RSI signal for Xtrackers MSCI All China Equity ETF (CN) stock?
Xtrackers MSCI All China Equity ETF (CN) has an RSI value of 53.0981. This indicates that the stock is currently neutral.
What is the MACD signal for CN stock?
The MACD indicator for Xtrackers MSCI All China Equity ETF (CN) has a value of -0.0206463, indicating a bearish trend.
What is the short term momentum for Xtrackers MSCI All China Equity ETF (CN) stock?
The short term momentum for Xtrackers MSCI All China Equity ETF (CN) is positive.