Trend Tracker for Canadian National Railway CNI

Source: Stock Traders Daily

Longer Term Trading Plans for CNI
  • Buy CNI over 110.47 target 116.79 stop loss @ 110.15 Details
  • The technical summary data tells us to buy CNI near 110.47 with an upside target of 116.79. This data also tells us to set a stop loss @ 110.15 to protect against excessive loss in case the stock begins to move against the trade. 110.47 is the first level of support below 114.9 , and by rule, any test of support is a buy signal. In this case, support 110.47 is being tested, a buy signal would exist.

  • Short CNI under 116.79, target 110.47, stop loss @ 117.13 Details
  • The technical summary data is suggesting a short of CNI as it gets near 116.79 with a downside target of 110.47. We should have a stop loss in place at 117.13though. 116.79 is the first level of resistance above 114.9, and by rule, any test of resistance is a short signal. In this case, if resistance 116.79 is being tested, a short signal would exist.

Swing Trading Plans for CNI
  • Buy CNI over 116.79, target 118.55, Stop Loss @ 116.45 Details
  • If 116.79 begins to break higher, the technical summary data tells us to buy CNI just over 116.79, with an upside target of 118.55. The data also tells us to set a stop loss @ 116.45 in case the stock turns against the trade. 116.79 is the first level of resistance above 114.9, and by rule, any break above resistance is a buy signal. In this case, 116.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CNI near 116.79, target 110.47, Stop Loss @ 117.13. Details
  • The technical summary data is suggesting a short of CNI if it tests 116.79 with a downside target of 110.47. We should have a stop loss in place at 117.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 116.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CNI
  • Buy CNI over 115.11, target 116.91, Stop Loss @ 114.84 Details
  • If 115.11 begins to break higher, the technical summary data tells us to buy CNI just over 115.11, with an upside target of 116.91. The data also tells us to set a stop loss @ 114.84 in case the stock turns against the trade. 115.11 is the first level of resistance above 114.9, and by rule, any break above resistance is a buy signal. In this case, 115.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CNI near 115.11, target 110.47, Stop Loss @ 115.38. Details
  • The technical summary data is suggesting a short of CNI if it tests 115.11 with a downside target of 110.47. We should have a stop loss in place at 115.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 115.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CNI Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Strong Neutral
P1 0 0 104.34
P2 115.11 118.55 110.47
P3 116.91 129.11 116.79

CNI Long Term Analysis for September 15 2021


CNI Swing Trading Analysis for September 15 2021


CNI Day Trading Analysis for September 15 2021

The data for Canadian National Railway (NYSE: CNI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CNI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CNI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CNI too.  All of these are offered below the Summary Table.

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