CANADIAN NATL RAILWAY CO (CNI) Stock Technical Analysis
NYSE:CNI - New York Stock Exchange, Inc. - CA1363751027 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CNI. In the last year, CNI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, CNI is a bad performer in the overall market: 69% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CNI 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.
CNI has an average volume of 1425960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNI is part of the Ground Transportation industry. There are 39 other stocks in this industry, CNI did better than 57% of them.
CNI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNI is lagging the market slightly.
CNI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 106.88. Right above this resistance zone may be a good entry point.
More info and screens
94.51
109.21
2 important support areas can be observed.
- A support zone ranging from 100.06 to 100.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 95.46 to 96.49. 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 106.88 to 108.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for CNI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNI is up. |
| ChartMill Relative Strength | 31.23 | NEUTRAL | CNI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.1 | NEUTRAL | The RSI value for CNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests CNI has a negative trend. |
| Stochastics (14,3) | 44.55 | NEUTRAL | The Stochastics value for CNI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for CNI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.99 | NEGATIVE | The low ADX value for CNI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.14 | 103.49 | 4.65 (4.30%) | 23.26% |
| An entry @108.14. This is a Buy Stop order right above the resistance zone. | An exit @103.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.65 points, which is 4.30%. | When investing 23.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
105.57
-0.52 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-0.49%
1 Week0.56%
2 Weeks-0.5%
1 Month5.81%
3 Month4.45%
6 Month-1.3%
12 Month-14.95%
2 Year-12.8%
3 Year-6.13%
5 Year19.19%
10 Year82.81%
15 Year267.97%
Volatility
ATR(14)1.3
ATR(20)%1.57%
ATR Inc-28.19%
Range Today1.27
ADR(20)1.53
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.23
Mansfield-0.61
10 Day High106.73
10 Day Low103.5
20 Day High108.75
20 Day Low99.81
52 Week High125.87
52 Week Low91.65
CS1 End100.94
CR1 Start106.88
Volume & EV
DER(3)-5.99%
DER(5)-4.71%
Volume1.01M
Volume Incr-5.64%
Vol(5)1.28M
Vol(50)1.43M