(CP) On The My Stocks Page

October 20, 2024, 19:56 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CP

• Buy CP near 77.89 target 84.27 stop loss @ 77.67 Details

The technical summary data tells us to buy CP near 77.89 with an upside target of 84.27. This data also tells us to set a stop loss @ 77.67 to protect against excessive loss in case the stock begins to move against the trade. 77.89 is the first level of support below 80.08 , and by rule, any test of support is a buy signal. In this case, support 77.89 would be being tested, so a buy signal would exist.

• Short CP slightly under 84.27, target 77.89, stop loss @ 84.51 Details

The technical summary data is suggesting a short of CP as it gets near 84.27 with a downside target of 77.89. We should have a stop loss in place at 84.51though. 84.27 is the first level of resistance above 80.08, and by rule, any test of resistance is a short signal. In this case, if resistance 84.27 is being tested, so a short signal would exist.

Swing Trading Plans for CP

• Buy CP slightly over 80.38, target 81.89, Stop Loss @ 80.15 Details

If 80.38 begins to break higher, the technical summary data tells us to buy CP just slightly over 80.38, with an upside target of 81.89. The data also tells us to set a stop loss @ 80.15 in case the stock turns against the trade. 80.38 is the first level of resistance above 80.08, and by rule, any break above resistance is a buy signal. In this case, 80.38, 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 CP slightly near 80.38, target 77.89, Stop Loss @ 80.61. Details

The technical summary data is suggesting a short of CP if it tests 80.38 with a downside target of 77.89. We should have a stop loss in place at 80.61 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, 80.38, 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 CP

• Buy CP slightly over 80.38, target 81.2, Stop Loss @ 80.19 Details

If 80.38 begins to break higher, the technical summary data tells us to buy CP just slightly over 80.38, with an upside target of 81.2. The data also tells us to set a stop loss @ 80.19 in case the stock turns against the trade. 80.38 is the first level of resistance above 80.08, and by rule, any break above resistance is a buy signal. In this case, 80.38, 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 CP slightly near 80.38, target 77.89, Stop Loss @ 80.57. Details

The technical summary data is suggesting a short of CP if it tests 80.38 with a downside target of 77.89. We should have a stop loss in place at 80.57 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, 80.38, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Canadian Pacific Kansas City Limited (CP) available here: CP.

CP Ratings for October 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	77.89
P2	80.35	80.38	84.27
P3	81.2	81.89	90.46

AI Generated Signals for CP

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Trading or Investing in Canadian Pacific Kansas City Limited (NYSE: CP) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CP 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 CP 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 CP too.  All of these are offered below the Summary Table.