CANADIAN PACIFIC KANSAS CITY (CP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CP - CA13646K1084 - Common Stock
Overall CP gets a technical rating of 0 out of 10. CP'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.
The technical rating of CP is bad and it also does not present a quality setup 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
66.48
2 important support areas can be observed.
- A support zone ranging from 69.42 to 69.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 67.15 to 67.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 72.48 to 74.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.50 to 77.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @79.79 from a horizontal line in the weekly time frame.
- Resistance @81.90 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 | DOWN | NEGATIVE | The long term trend for CP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CP is down. |
| ChartMill Relative Strength | 24.85 | NEGATIVE | CP has a low relative strength, it was outperformed by 75.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.26 | NEUTRAL | The RSI value for CP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests CP has a negative trend. |
| Stochastics (14,3) | 23.21 | NEUTRAL | The Stochastics value for CP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for CP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for CP suggests a weak or negative trend. |
71.57
-0.64 (-0.89%)
CANADIAN PACIFIC KANSAS CITY / CP FAQ
Can you provide the ChartMill technical rating for CANADIAN PACIFIC KANSAS CITY?
ChartMill assigns a technical rating of 0 / 10 to CP.
What is the current trend direction of CANADIAN PACIFIC KANSAS CITY (CP) stock?
The current trend direction for CANADIAN PACIFIC KANSAS CITY (CP) is Bearish.
What is the RSI signal for CP stock?
CANADIAN PACIFIC KANSAS CITY (CP) has an RSI value of 42.2638. This indicates that the stock is currently neutral.
What is the short term momentum for CANADIAN PACIFIC KANSAS CITY (CP) stock?
The short term momentum for CANADIAN PACIFIC KANSAS CITY (CP) is negative.
What is the support and resistance level for CP stock?
CANADIAN PACIFIC KANSAS CITY (CP) has a support level at 69.42 and a resistance level at 72.48. Check the full technical report for our detailed analysis of CP support and resistance levels.