Canadian National (Germany) Technical Analysis

CY2 Stock  EUR 97.20  0.02  0.02%   
As of the 22nd of December, Canadian National shows the Risk Adjusted Performance of (0.07), standard deviation of 1.25, and Mean Deviation of 0.8874. Canadian National Railway technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Canadian National Railway information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Canadian National Railway is priced correctly, providing market reflects its regular price of 97.2 per share.

Canadian National Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Canadian
  
Canadian National's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Canadian National technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canadian National technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian National trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Canadian National Railway Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canadian National Railway volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Canadian National Railway Trend Analysis

Use this graph to draw trend lines for Canadian National Railway. You can use it to identify possible trend reversals for Canadian National as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canadian National price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Canadian National Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Canadian National Railway applied against its price change over selected period. The best fit line has a slop of   0.06  , which may suggest that Canadian National Railway market price will keep on failing further. It has 122 observation points and a regression sum of squares at 155.54, which is the sum of squared deviations for the predicted Canadian National price change compared to its average price change.

About Canadian National Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canadian National Railway on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canadian National Railway based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian National Railway price pattern first instead of the macroeconomic environment surrounding Canadian National Railway. By analyzing Canadian National's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canadian National's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canadian National specific price patterns or momentum indicators. Please read more on our technical analysis page.

Canadian National December 22, 2024 Technical Indicators

Most technical analysis of Canadian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canadian from various momentum indicators to cycle indicators. When you analyze Canadian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Complementary Tools for Canadian Stock analysis

When running Canadian National's price analysis, check to measure Canadian National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian National is operating at the current time. Most of Canadian National's value examination focuses on studying past and present price action to predict the probability of Canadian National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian National's price. Additionally, you may evaluate how the addition of Canadian National to your portfolios can decrease your overall portfolio volatility.
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