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 CP
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Canadian Pacific Railway Limited stock price ended at $88.46 on Wednesday, after gaining 1.38%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 18, 2024 Gain 14.54% PDF

The Canadian Pacific Railway Limited stock price gained 1.38% on the last trading day (Wednesday, 27th Mar 2024), rising from $87.26 to $88.46. During the last trading day the stock fluctuated 1.68% from a day low at $87.09 to a day high of $88.55. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume fell on the last day by -112 thousand shares and in total, 1 million shares were bought and sold for approximately $89.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $87.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.75% during the next 3 months and, with a 90% probability hold a price between $102.82 and $110.34 at the end of this 3-month period.

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CP Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Canadian Pacific Railway Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $88.56. On a fall, the stock will find some support from the long-term average at approximately $87.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Canadian Pacific Railway Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $80.47 and $79.06. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Canadian Pacific Railway Limited finds support just below today's level at $80.47. If this is broken, then the next support from accumulated volume will be at $79.06 and $78.91.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.46 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 1.45%.

Our recommended stop-loss: $84.69 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (CP) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Canadian Pacific Railway Limited to open at $88.03, and during the day (based on 14 day Average True Range), to move between $86.98 and $89.94, which gives a possible trading interval of +/-$1.48 (+/-1.67%) up or down from last closing price. If Canadian Pacific Railway Limited takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $89.68 (1.38%) than the support at $80.47 (9.03%), 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 Pacific Railway Limited stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.692 Buy Candidate Unchanged

Predicted Opening Price for Canadian Pacific Railway Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$88.03 ( 0.482%) $88.46

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

Trading levels for CP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 89.49 1.17 %
R2 88.94 0.538 %
R1 88.59 0.148 %
Current price: 88.46
Support S1 87.48 -1.11 %
S2 87.13 -1.50 %
S3 86.57 -2.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 90.00 1.74 %
R2 89.95 1.68 %
R1 89.68 1.38 %
Current price 88.46
Support S1 80.47 -9.03%
S2 79.06 -10.63%
S3 78.91 -10.80%

CP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 30, 2024 Mar 27, 2024 Apr 29, 2024 $0.141 0.160%
2 Oct 25, 2023 Dec 28, 2023 Jan 29, 2024 $0.140 0.177%
3 Jul 27, 2023 Sep 28, 2023 Oct 30, 2023 $0.144 0.202%
4 Apr 26, 2023 Jun 29, 2023 Jul 31, 2023 $0.143 0.174%
5 Jan 31, 2023 Mar 30, 2023 Apr 24, 2023 $0.140 0.172%

FAQ

What is the symbol for Canadian Pacific Railway Limited Stock and on which exchange is it traded?
The symbol for Canadian Pacific Railway Limited is CP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Canadian Pacific Railway Limited Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Canadian Pacific Railway Limited Stock?
Canadian Pacific Railway Limited 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 Pacific Railway Limited Stock.

What's the current price of Canadian Pacific Railway Limited Stock?
As of the end of day on the 2024-03-27, the price of an Canadian Pacific Railway Limited (CP) share was $88.46.

What is the 52-week high and low for Canadian Pacific Railway Limited Stock?
The 52-week high for Canadian Pacific Railway Limited Stock is $91.58 and the 52-week low is $68.92.

What is the market capitalization of Canadian Pacific Railway Limited Stock?
As of the 2024-03-27, the market capitalization of Canadian Pacific Railway Limited is 82.483B.

When is the next earnings date for Canadian Pacific Railway Limited?
The upcoming earnings date for Canadian Pacific Railway Limited is Apr 24, 2024.
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About Canadian Pacific Railway Limited

Canadian Pacific Railway Limited Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products. It also transports intermodal traffic comprising retail goods in overse... CP Profile

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