RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CNI
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Green day on Thursday for Canadian National Railway Company
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 2.40% PDF

The Canadian National Railway Company stock price gained 0.0456% on the last trading day (Thursday, 28th Mar 2024), rising from $131.65 to $131.71. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.01% from a day low at $131.40 to a day high of $132.73. The price has risen in 7 of the last 10 days and is up by 2.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 675 thousand shares were bought and sold for approximately $88.95 million.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.97% during the next 3 months and, with a 90% probability hold a price between $136.24 and $141.42 at the end of this 3-month period.

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CNI Signals & Forecast

The Canadian National Railway Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $131.41 and $129.74. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Canadian National Railway Company stock

Canadian National Railway Company finds support from accumulated volume at $129.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.33 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: $126.37 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (CNI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Canadian National Railway Company to open at $131.95, and during the day (based on 14 day Average True Range), to move between $129.88 and $133.54, which gives a possible trading interval of +/-$1.83 (+/-1.39%) up or down from last closing price. If Canadian National Railway Company takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $131.83 (0.09%) than the support at $129.59 (1.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Canadian National Railway Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Canadian National Railway Company stock to perform well in the short-term.

Current score: 2.947 Buy Candidate Unchanged

Predicted Opening Price for Canadian National Railway Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$131.95 ( 0.180%) $131.71

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CNI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 133.28 1.19 %
R2 132.77 0.80 %
R1 132.45 0.565 %
Current price: 131.71
Support S1 131.44 -0.206 %
S2 131.12 -0.444 %
S3 130.62 -0.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 132.83 0.85 %
R2 131.88 0.129 %
R1 131.83 0.0911 %
Current price 131.71
Support S1 129.59 -1.61%
S2 126.95 -3.61%
S3 123.01 -6.61%

CNI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 23, 2024 Mar 06, 2024 Mar 28, 2024 $0.638 0.484%
2 Oct 24, 2023 Dec 06, 2023 Dec 28, 2023 $0.570 0.456%
3 Jul 25, 2023 Sep 07, 2023 Sep 29, 2023 $0.600 0.553%
4 Apr 24, 2023 Jun 08, 2023 Jun 30, 2023 $0.591 0.488%
5 Jan 24, 2023 Mar 09, 2023 Jun 30, 2023 $0.573 0.473%

FAQ

What is the symbol for Canadian National Railway Company Stock and on which exchange is it traded?
The symbol for Canadian National Railway Company is CNI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Canadian National Railway Company Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Canadian National Railway Company stock to perform well in the short-term.

How to buy Canadian National Railway Company Stock?
Canadian National Railway Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Canadian National Railway Company Stock.

What's the current price of Canadian National Railway Company Stock?
As of the end of day on the 2024-03-28, the price of an Canadian National Railway Company (CNI) share was $131.71.

What is the 52-week high and low for Canadian National Railway Company Stock?
The 52-week high for Canadian National Railway Company Stock is $134.02 and the 52-week low is $103.96.

What is the market capitalization of Canadian National Railway Company Stock?
As of the 2024-03-28, the market capitalization of Canadian National Railway Company is 84.387B.

When is the next earnings date for Canadian National Railway Company?
The upcoming earnings date for Canadian National Railway Company is Apr 22, 2024.
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About Canadian National Railway Company

Canadian National Railway Company Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United Sta... CNI Profile

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