CANADIAN PACIFIC KANSAS CITY (CP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CP - CA13646K1084 - Common Stock
Taking everything into account, CP scores 4 out of 10 in our technical rating. In the past year, CP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, CP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 73.78, 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
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We found 3 important support areas.
- A support zone ranging from 72.75 to 73.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 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 5 important areas.
- A resistance zone ranging from 74.22 to 74.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.50 from a horizontal line in the daily time frame.
- Resistance @78.06 from a trend line in the weekly time frame.
- Resistance @79.79 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 81.90 to 82.41. 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 CP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CP is up. |
| ChartMill Relative Strength | 43.06 | 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) | DOWN | MIXED | The current price of CP is above 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) | 55.74 | NEUTRAL | The RSI value for CP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.63 | NEUTRAL | The Stochastics value for CP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for CP suggests low volalility. |
| Average Directional Index/ADX (14) | 15.98 | NEGATIVE | The low ADX value for CP suggests a weak or negative trend. |
74.2
-0.01 (-0.01%)
CANADIAN PACIFIC KANSAS CITY / CP FAQ
Can you provide the ChartMill technical rating for CANADIAN PACIFIC KANSAS CITY?
ChartMill assigns a technical rating of 4 / 10 to CP.
Can you provide the trend direction for CANADIAN PACIFIC KANSAS CITY?
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 55.7387. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CANADIAN PACIFIC KANSAS CITY?
The MACD indicator for CANADIAN PACIFIC KANSAS CITY (CP) has a value of 0.0952495, indicating a bearish trend.