CANADIAN PACIFIC KANSAS CITY (CP) Stock Technical Analysis
NYSE:CP - New York Stock Exchange, Inc. - CA13646K1084 - Common Stock - Currency: USD
Overall CP 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, CP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
CP is one of the better performing stocks in the Ground Transportation industry, it outperforms 73% of 39 stocks in the same industry.
CP 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CP has an average volume of 3894100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CP turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
CP 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 CP is lagging the market slightly.
Besides having an excellent technical rating, CP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 81.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
68.73
90.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 80.70 to 81.08. 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 76.65 to 78.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.84 from a horizontal line in the daily time frame.
- A support zone ranging from 69.42 to 69.55. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 81.69 to 81.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @89.70 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for CP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CP is up. |
| ChartMill Relative Strength | 62.37 | NEUTRAL | CP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.02 | NEUTRAL | The RSI value for CP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.62 | OVERBOUGHT | The high Stochastics value suggests CP may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for CP suggests low volalility. |
| Average Directional Index/ADX (14) | 31.4 | POSITIVE | The high ADX value value for CP suggests a strong 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 |
|---|---|---|---|
| 81.81 | 80.69 | 1.12 (1.37%) | 25.00% |
| An entry @81.81. This is a Buy Stop order right above the resistance zone. | An exit @80.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.12 points, which is 1.37%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CP. Please evaluate whether better entry and exit points can be found.
- 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.
81.21
+0.46 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.57%
1 Week0.23%
2 Weeks-0.09%
1 Month12.06%
3 Month4.22%
6 Month6.03%
12 Month2.33%
2 Year6.57%
3 Year13.68%
5 Year62.65%
10 Year146.52%
15 Year637.87%
Volatility
ATR(14)1.52
ATR(20)%1.83%
ATR Inc-27.18%
Range Today1.03
ADR(20)1.31
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.37
Mansfield0.07
10 Day High82.35
10 Day Low79.47
20 Day High82.35
20 Day Low71.89
52 Week High87.72
52 Week Low66.49
CS1 End81.08
CR1 Start81.69
Volume & EV
DER(3)4.21%
DER(5)0.97%
Volume2.11M
Volume Incr-35.49%
Vol(5)2.30M
Vol(50)3.89M