CANADIAN NATL RAILWAY CO (CNI) Technical Analysis
NYSE:CNI • CA1363751027
Current stock price
CNI Technical Rating and Analysis
Taking everything into account, CNI scores 6 out of 10 in our technical rating. CNI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- CNI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNI is lagging the market slightly.
- CNI has an average volume of 1658420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CNI outperforms 60% of them, which is more or less in line with the market.
- CNI is an average performer in the Ground Transportation industry, it outperforms 43% of 42 stocks in the same industry.
- In the last month CNI has a been trading in the 102.55 - 115.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNI Weekly and Daily overview Charts
CNI Setup Rating and Analysis
CNI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CNI Support and Resistance Analysis
91.57
3 important support areas can be observed.
- A support zone ranging from 100.42 to 101.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 95.68 to 97.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 92.49 to 92.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 114.60 to 114.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
CNI Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for CNI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNI is neutral. |
| ChartMill Relative Strength | 60.3 | NEUTRAL | CNI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.44 | NEUTRAL | The RSI value for CNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.38 | NEUTRAL | The Stochastics value for CNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CNI suggests some volalility. |
| Average Directional Index/ADX (14) | 28.33 | POSITIVE | The high ADX value value for CNI suggests a strong trend. |
CNI Chart- and CandleStick Pattern Analysis
CNI Technicals: Chart, Performance Metrics, Trend & Indicators
108.08
-6.81 (-5.93%)
CANADIAN NATL RAILWAY CO / CNI TA FAQ
What is the technical rating for CNI stock?
ChartMill assigns a technical rating of 6 / 10 to CNI.
What is the trend direction for CNI stock?
The current trend direction for CANADIAN NATL RAILWAY CO (CNI) is Bullish.
What is the RSI signal for CANADIAN NATL RAILWAY CO (CNI) stock?
CANADIAN NATL RAILWAY CO (CNI) has an RSI value of 47.4373. This indicates that the stock is currently neutral.
What is the support and resistance level for CNI stock?
CANADIAN NATL RAILWAY CO (CNI) has a support level at 101.9 and a resistance level at 114.6. Check the full technical report for our detailed analysis of CNI support and resistance levels.