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Takip Edin: @UscMarketsCNI Stock Forecast & Canadian National Railway Chart Analysis
This article provides a detailed analysis of CNI-Canadian National Railway stock including a forecast for CNI shares. It features Canadian National Railway Company technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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CNI Historical Data Review
CNI Current Price Performance Analysis
The Canadian National Railway - CNI stock traded on the American stock market, on 06-05-2024, closed at 126.05$ with a %0.51 increased compared to the previous day.
In the last month, the price of CNI changed by %-0.11 decreased in value, from 126.19 dollars on 05-06-2024 to 126.05 dollars, decreased.
Last year, the price of CNI was 115.05 dollars on 06-06-2023, and changed by %9.56 increased in value, to 126.05 dollars increased within a year.
The price of Canadian National Railway stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CNI with AI Stock Forecast & Price Target
On the CNI chart Canadian National Railway price was recorded as 126.05 Dollars on 06/05/2024.
The artificial intelligence's forecast on CNI stock is as follows.
The artificial intelligence's prediction error margin for CNI stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Canadian National Railway stock over the next 4 months is: 131.5 Dollars.
The commentary on CNI stock Target Price: Highest: 139.058 Dollars is predicted.
The commentary on CNI stock Target Price: Lowest: 124.935 Dollars is predicted.
Resistance Price where Canadian National Railway stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 127.831 |
| 10-08-2024 | 139.058 |
| 12-12-2024 | 134.205 |
| 01-31-2025 | 133.771 |
| 02-10-2025 | 133.817 |
Support Price where Canadian National Railway stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 127.345 |
| 08-14-2024 | 127.703 |
| 11-12-2024 | 131.468 |
| 01-16-2025 | 133.163 |
| 02-05-2025 | 133.695 |
| 03-27-2025 | 124.935 |
The commentary on CNI stock: Fluctuations in the target price can be expected in the coming days.
The target price for Canadian National Railway stock by the end of 2024 is predicted to be 133.815 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CNI stock, and the 2024 target price predictions for Canadian National Railway are detailed above.
The technical analysis and charts for the commentary on CNI stock are below.
CNI Support & Resistance and Trend Analysis
CNI stock you have reviewed the technical analysis support resistance charts regarding.
CNI : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CNI review, the Canadian National Railway support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Canadian National Railway Support and Resistance Prices:
| CNI Support Level Price | CNI Resistance Level Price |
|---|---|
| 111.94 | 118.87 |
| 120.08 | 127.15 |
| 122.23 | 127.43 |
| 122.38 | 128.19 |
| 122.86 | 129.18 |
| 123.80 | 130.63 |
| 124.96 | 131.68 |
| 126.48 | 132.12 |
| 134.02 |
CNI Technical Analysis: SMA, RSI, MACD
Upon reviewing the CNI chart, buy and sell signals have been generated in the Canadian National Railway technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CNI stock are as follows:- The technical analysis for CNI indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for CNI indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Canadian National Railway issued a 'Buy' signal when the MACD was at -0.314, with the current MACD value being: -0.275
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Canadian National Railway stock: Click here to read more predictions on HCA Healthcare stock.
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