Canadian National Rail (CNR.CA)

Short term

Canadian National Railway is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the stock, and indicates negative development for the company. The stock has support at 132 and resistance at 137. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which confirms the trend. The stock is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -76)

Medium term

Canadian National Railway is in a falling trend channel in the medium long term. Falling trends indicate that the company experiences negative development and falling buy interest among investors. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the stock has resistance at 144 . The volume balance is negative and weakens the stock in the short term. The stock is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -94)

Long term

Canadian National Railway shows weak development in a falling trend channel in the long term. This signals increasing pessimism among investors and indicates further decline for Canadian National Railway. The stock gave a negative signal from the rectangle formation by the break down through the support at 152. Further fall to 120 or lower is signaled. The stock has broken down through support at 140. This predicts a further decline. In case of positive reactions, there will now be resistance at 140. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the stock. The stock is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative (Score: -99)