Technical analysis from Canadian Pacific Railway (CP.TO.TO, TSE:CP.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Canadian Pacific Railway
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Canadian Pacific Railway has broken the first DeMark resistance point ($228.287) [Bullish]
Demarks Pivot Points /
Canadian Pacific Railway has broken the first DeMark resistance point ($228.287) [Bullish]

Canadian Pacific Railway has broken the first DeMark resistance point ($228.287) [Bullish]. Look for a long limit order entry near this point. Exit price for CP should be set @$229.415 & Stoploss for Canadian Pacific Railway should be set at $225.975

Canadian Pacific Railway has moved above the R1 Camarilla pivot point ($247.285) [Bullish]
Camarilla Pivot Points /
Canadian Pacific Railway has moved above the R1 Camarilla pivot point ($247.285) [Bullish]

Canadian Pacific Railway current pivot point Camarilla is: $228.663. The current resistance levels are: (R1) $247.285: (R2) $266.341: (R3) $285.396: (R4) $342.562The current support levels are: (S1) $209.175: (S2) $190.119: (S3) $171.064: (S4) $113.898

Average Directional Movement /
Canadian Pacific Railway: Average Directional Index (31.34) has confirmed a strong trend is present

[Trend]: ADX for CP has confirmed a strong trend is presentCanadian Pacific Railway has an ATR(14) of 3.483, a DX of 8.91 & an ADX(14) of 31.34

Percentage Price /
PPO: The shorter moving average for CPis still above the longer term moving average

CP: PPO Recent Trading -> (1) 12 Jan: 0.457 (2) 12 Jan: 0.104 (3) 12 Jan: -0.117

Momentum /
Canadian Pacific Railway currently has negative momentum of -1.13

CP: MOM Recent Trading -> (1) 12 Jan: -1.13 (2) 12 Jan: -0.37 (3) 12 Jan: 0.13

Open Tod Vs Close Tod /
CP: Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range

[BEARISH STRONG]: Canadian Pacific Railway opened in the upper part of daily range at 85.5% & closed in the lower part of the trading range at 31.1%. This suggests the sellers were in control all day. Over the last 12 months there has been 13 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 28.3%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 33.3%.

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Close Tod Vs Range Tod /
CP: Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 88.9%.

[BEARISH]: Canadian Pacific Railway sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Canadian Pacific Railway adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 26 trading days with the closing price in the lower part of the range giving a confirmation ratio of 56.5%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 88.9%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

[Bullish]: WMA(30) is serving as a support line for Canadian Pacific Railway
Weighted Moving Average /
[Bullish]: WMA(30) is serving as a support line for Canadian Pacific Railway

[BEARISH]: Canadian Pacific Railway currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.7%.

The SMA trend following signal is now active for Canadian Pacific Railway [Bullish]
Simple Moving Average /
The SMA trend following signal is now active for Canadian Pacific Railway [Bullish]

[BULLISH]: Canadian Pacific Railway currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.7%.

Average True Range /
Canadian Pacific Railway: Average True Range (3.483) has confirmed an uptrend is present

CP: Average True Range Recent Trading -> (1) 12 Jan: 3.483 (2) 12 Jan: 0.544 (3) 12 Jan: 0.303

Elders Force Index /
Bearish conditions for CP have commenced based on EFI (-189602)

[BEARISH]: Canadian Pacific Railway current price has highlighted recent selling pressure. Currently, the Elders Force Index is -189602.

Short Black Candle /
CP Basic Candle: Short Black

[BEARISH]: Canadian Pacific Railway has formed a Short Black candlestick. This means, CP has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

EMA(15) is now trading above the EMA(30) for Canadian Pacific Railway
Exponential Moving Average /
EMA(15) is now trading above the EMA(30) for Canadian Pacific Railway

[BEARISH]: Canadian Pacific Railway currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.7%.

Pivot Points /
Limit order for a long position has been identified for Canadian Pacific Railway [Bullish]

Canadian Pacific Railway has broken the first resistance point ($230.166) [Bullish]. Look for a long limit order entry near this point. Exit price for CP should be set @$232.103 & Stoploss for Canadian Pacific Railway should be set between $225.223 & $223.286

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Canadian Pacific Railway & are driving the price down.

[BEARISH]: Canadian Pacific Railwaysellers are keener than buyers and are driving the price down. This is the first day of price decline for CP adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.1 & the greatest daily negative change this year has been -3.1. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -3.1%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -0.9%

Sine Weighted Moving Average /
Canadian Pacific Railway is in a short term uptrend with the support price @$229.620

[BEARISH]: Canadian Pacific Railway currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.7%.

Drawdown for Canadian Pacific Railway is currently low signalling low stress
Ulcer Index /
Drawdown for Canadian Pacific Railway is currently low signalling low stress

[BEARISH]: Canadian Pacific Railway UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.275.

Canadian Pacific Railway: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Canadian Pacific Railway: 2nd timeframe trend Uptrend remains intact

CP: Medium Term Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH CONFIRM (3) 12 Jan: BEARISH CONFIRM

[Bullish]: Canadian Pacific Railway has opened 1.8 % stronger
Opening Price /
[Bullish]: Canadian Pacific Railway has opened 1.8 % stronger

[BULLISH]: Canadian Pacific Railway opening price has gapped up. Currently, the OPEN is $230.1 (1.8 %).

Woodie Pivot Point /
[Long]: Exit price for CP should be set @$231.995

Canadian Pacific Railway has broken the first Woodie resistance point ($229.95) [Bullish]. Look for a long limit order entry near this point. Exit price for CP should be set @$231.995 & Stoploss for Canadian Pacific Railway should be set at $225.115

Chaikin Money Flow /
CMF has negative divergence between price and volume

CP: Chaikin Oscillator Current Signal -> (1) 12 Jan: BEARISH (2) 12 Jan: BEARISH (3) 12 Jan: BEARISH

Volume Rate of Change /
14-day volume rate of change is now increasing for Canadian Pacific Railway

[BULLISH CROSSOVER]: Canadian Pacific Railway currently has positive volume of change of 40%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%.

High Price /
High for CP has surpassed the high of the previous trading session

[BEARISH]: Canadian Pacific Railway current downtrend in the first timeframe. Currently, the HIGH is -0 %.

Canadian Pacific Railway: Daily volume performance is 2.6 [Uptrend]
Volume /
Canadian Pacific Railway: Daily volume performance is 2.6 [Uptrend]

CP: VOLUME Current Signal -> (1) 12 Jan: BULLISH (2) 11 Jan: BEARISH (3) 10 Jan: BULLISH

Triangular Moving Average(30) signal is confirmed for Canadian Pacific Railway indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(30) signal is confirmed for Canadian Pacific Railway indicating upward price movement is likely

[BEARISH]: Canadian Pacific Railway currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.7%.

Detrended Price Oscillator /
Canadian Pacific Railway: Detrended Price Oscillator(20) is 0.164 [Bullish Crossover]

[BULLISH]: Canadian Pacific Railway currently has a confirmed uptrend. Price is currently above the displaced moving average for CPCurrently, the return on DPO20 is -0.7%.

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