CANADIAN NATL RAILWAY CO (CNI) Stock Technical Analysis
NYSE:CNI • CA1363751027
Overall CNI gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CNI is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- CNI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CNI has a been trading in the 94.06 - 110.93 range, which is quite wide. It is currently trading near the high of this range.
- CNI has an average volume of 1547910 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 66% of them, which is more or less in line with the market.
- CNI is an average performer in the Ground Transportation industry, it outperforms 53% of 42 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although CNI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
91.57
3 important support areas can be observed.
- A support zone ranging from 100.30 to 102.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 110.47 to 110.47. 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 | UP | POSITIVE | The long term trend for CNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNI is up. |
| ChartMill Relative Strength | 66.19 | 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) | UP | POSITIVE | The current price of CNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.62 | OVERBOUGHT | The high RSI value suggests CNI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests CNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.83 | OVERBOUGHT | The high Stochastics value suggests CNI may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CNI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.93 | POSITIVE | The high ADX value value for CNI suggests a strong trend. |
110.46
+1.03 (+0.94%)
CANADIAN NATL RAILWAY CO / CNI FAQ
What is the technical rating for CNI stock?
ChartMill assigns a technical rating of 8 / 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 CNI stock?
CANADIAN NATL RAILWAY CO (CNI) has an RSI value of 72.6245. This indicates that the stock is currently overbought.
Can you provide the short term momentum for CANADIAN NATL RAILWAY CO?
The short term momentum for CANADIAN NATL RAILWAY CO (CNI) is positive.
Can you provide the support and resistance levels for CANADIAN NATL RAILWAY CO?
CANADIAN NATL RAILWAY CO (CNI) has a support level at 102.78 and a resistance level at 110.47. Check the full technical report for our detailed analysis of CNI support and resistance levels.