CANADIAN NATL RAILWAY CO (CNI) Stock Technical Analysis
USA - NYSE:CNI - CA1363751027 - Common Stock
Taking everything into account, CNI scores 1 out of 10 in our technical rating. CNI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CNI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 95.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
91.09
2 important support areas can be observed.
- A support zone ranging from 94.99 to 95.34. 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 92.01 to 92.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 95.80 to 97.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @99.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 104.30 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 | DOWN | NEGATIVE | The long term trend for CNI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNI is neutral. |
| ChartMill Relative Strength | 29.32 | NEGATIVE | CNI has a low relative strength, it was outperformed by 70.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNI is above a declining 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) | 53.27 | NEUTRAL | The RSI value for CNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.64 | NEUTRAL | The Stochastics value for CNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CNI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.6 | NEGATIVE | The low ADX value for CNI suggests a weak or negative trend. |
95.76
+0.14 (+0.15%)
CANADIAN NATL RAILWAY CO / CNI FAQ
What is the technical rating for CNI stock?
ChartMill assigns a technical rating of 1 / 10 to CNI.
What is the current trend direction of CANADIAN NATL RAILWAY CO (CNI) stock?
The current trend direction for CANADIAN NATL RAILWAY CO (CNI) is Bearish.
What is the RSI signal for CNI stock?
CANADIAN NATL RAILWAY CO (CNI) has an RSI value of 53.2669. This indicates that the stock is currently neutral.
What is the MACD signal for CANADIAN NATL RAILWAY CO (CNI) stock?
The MACD indicator for CANADIAN NATL RAILWAY CO (CNI) has a value of -0.00212767, indicating a bearish trend.