CANADIAN NATIONAL RAILWAY CO. - Daily - Technical analysis published on 07/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 113.78 USD
My targets
106.70 USD (-3.76%)
99.72 USD (-10.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CANADIAN NATIONAL RAILWAY CO. as long as the price remains well below 113.78 USD. The next bearish objective for sellers is set at 106.70 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 99.72 USD. If there is any crossing, the next objective would be the support located at 84.22 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CANADIAN NATIONAL RAILWAY CO. rating is 110.87 USD. The price is lower by -0.05% since the last closing and was between 109.00 USD and 111.62 USD. This implies that the price is at +1.72% from its lowest and at -0.67% from its highest.109.00
111.62
110.87
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CANADIAN NATIONAL RAILWAY CO. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.22 | 99.72 | 109.31 | 110.87 | 113.78 | 116.71 | 125.02 |
| Change (%) | -24.04% | -10.06% | -1.41% | - | +2.62% | +5.27% | +12.76% |
| Change | -26.65 | -11.15 | -1.56 | - | +2.91 | +5.84 | +14.15 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.78 | 108.06 | 109.49 | 110.77 | 112.20 | 113.48 | 114.91 |
| Camarilla | 110.18 | 110.42 | 110.67 | 110.92 | 111.17 | 111.42 | 111.67 |
| Woodie | 106.86 | 108.10 | 109.57 | 110.81 | 112.28 | 113.52 | 114.99 |
| Fibonacci | 108.06 | 109.10 | 109.74 | 110.77 | 111.81 | 112.45 | 113.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.90 | 108.58 | 110.67 | 112.35 | 114.44 | 116.12 | 118.21 |
| Camarilla | 111.71 | 112.06 | 112.40 | 112.75 | 113.10 | 113.44 | 113.79 |
| Woodie | 107.10 | 108.68 | 110.87 | 112.45 | 114.64 | 116.22 | 118.41 |
| Fibonacci | 108.58 | 110.02 | 110.91 | 112.35 | 113.79 | 114.68 | 116.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.26 | 100.94 | 106.70 | 112.38 | 118.14 | 123.82 | 129.58 |
| Camarilla | 109.32 | 110.37 | 111.42 | 112.47 | 113.52 | 114.57 | 115.62 |
| Woodie | 95.31 | 100.96 | 106.75 | 112.40 | 118.19 | 123.84 | 129.63 |
| Fibonacci | 100.94 | 105.31 | 108.01 | 112.38 | 116.75 | 119.45 | 123.82 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.61 | |
| MACD (12,26,9): | -0.3900 | |
| Directional Movement: | -10.85 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 111.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.57 | |
| Elder Ray (13): | -1.46 | |
| Super Trend (3,10): | 116.21 | |
| Zig ZAG (10): | 110.77 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 33.50 | |
| TEMA (21): | 111.95 | |
| Williams %R (14): | -70.07 | |
| Chande Momentum Oscillator (20): | -2.70 | |
| Repulse (5,40,3): | 2.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.24 |
| MA7: | 111.96 | |
| MA20: | 111.44 | |
| MA50: | 112.38 | |
| MA100: | 119.09 | |
| MAexp7: | 111.54 | |
| MAexp20: | 111.91 | |
| MAexp50: | 113.77 | |
| MAexp100: | 116.40 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | -6.90% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -2.55% | |
| Price / MAexp100: | -4.75% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on CANADIAN NATIONAL RAILWAY CO. at the time of the generation of this analysis was as follows:
- Mullen Group Ltd. Announces Multi-Year Intermodal Agreement with Canadian National Railway and APPS Transport
- TCI Funds Requisition Special Meeting of Canadian National Railway Shareholders; Nominate Four Highly Experienced Directors to Upgrade Current Board with Real Rail Experience
- Kansas City Southern Receives Revised Proposal from Canadian National Railway That Board of Directors Determines is a "Company Superior Proposal"
- Kansas City Southern Board of Directors Determines Proposal from Canadian National Railway Could Reasonably Be Expected to Lead to a “Superior Proposal”
- Kansas City Southern Confirms Receipt of Unsolicited Proposal From Canadian National Railway
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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