Canadian Pacific Railway Technical Analysis (NYSE:CP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Canadian Pacific Railway stock price data and volume are plotted in CP stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Canadian Pacific Railway. Technical analysis uses an approach for Canadian Pacific Railway stock analysis that does not care for the fair value of a company but uses price and volume data only.
Canadian Pacific Railway Moving Average
Moving averages help predict the price direction of CP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $180.08 is above the price of $177.81.
Canadian Pacific Railway Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Canadian Pacific Railway. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Canadian Pacific Railway bollinger bands.
Canadian Pacific Railway Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Canadian Pacific Railway MACD line is below the signal line.
Canadian Pacific Railway Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 30.4 is the RSI value of CP stock.