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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Wednesday for Canadian National Railway Company stock after gaining 1.14%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 2.36% PDF

The Canadian National Railway Company stock price gained 1.14% on the last trading day (Wednesday, 27th Mar 2024), rising from $130.17 to $131.65. During the last trading day the stock fluctuated 0.93% from a day low at $130.48 to a day high of $131.69. The price has risen in 6 of the last 10 days and is up by 0.99% over the past 2 weeks. Volume fell on the last day by -203 thousand shares and in total, 659 thousand shares were bought and sold for approximately $86.75 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 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 5.87% during the next 3 months and, with a 90% probability hold a price between $135.88 and $141.14 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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 $131.03 and $129.67. 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 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. 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 -0.89%. 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 $1.21 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.25%.

Our recommended stop-loss: $126.88 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Canadian National Railway Company to open at $131.27, and during the day (based on 14 day Average True Range), to move between $129.78 and $133.52, which gives a possible trading interval of +/-$1.87 (+/-1.42%) 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 2.84% 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 (0.14%) than the support at $129.59 (1.56%), 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: 4.045 Buy Candidate Unchanged

Predicted Opening Price for Canadian National Railway Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$131.27 ( 0.286%) $131.65

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 132.48 0.633 %
R2 132.02 0.282 %
R1 131.74 0.0650 %
Current price: 131.65
Support S1 130.81 -0.637 %
S2 130.53 -0.85 %
S3 130.06 -1.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 132.83 0.90 %
R2 131.88 0.175 %
R1 131.83 0.137 %
Current price 131.65
Support S1 129.59 -1.56%
S2 126.95 -3.57%
S3 123.01 -6.56%

CNI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 23, 2024 Mar 06, 2024 Mar 28, 2024 $0.638 0.485%
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 2024-03-27, the price of an Canadian National Railway Company (CNI) share was $131.65.

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 2024-03-27, the market capitalization of Canadian National Railway Company is 84.348B.

When is the next earnings date for Canadian National Railway Company?
The upcoming earnings date for Canadian National Railway Company is Apr 22, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT