Canadian Pacific Railway Stock Technical Analysis

CP Stock  USD 88.17  0.29  0.33%   
As of the 29th of March, Canadian Pacific shows the Downside Deviation of 1.01, risk adjusted performance of 0.0885, and Mean Deviation of 0.8362. Canadian Pacific 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Canadian Pacific Railway, which can be compared to its rivals. Please confirm Canadian Pacific Railway jensen alpha, as well as the relationship between the potential upside and skewness to decide if Canadian Pacific Railway is priced correctly, providing market reflects its regular price of 88.17 per share. Given that Canadian Pacific has jensen alpha of (0), we suggest you to validate Canadian Pacific Railway's prevailing market performance to make sure the company can sustain itself at a future point.

Canadian Pacific 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 Pacific'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 Pacific Analyst Consensus

Target PriceAdvice# of Analysts
89.44Buy32Odds
Canadian Pacific Railway current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Canadian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Canadian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Canadian Pacific Railway, talking to its executives and customers, or listening to Canadian conference calls.
Canadian Analyst Advice Details
Canadian Pacific 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 Pacific technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian Pacific 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 Pacific Railway Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Pacific Railway volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Canadian Pacific Railway Trend Analysis

Use this graph to draw trend lines for Canadian Pacific Railway. You can use it to identify possible trend reversals for Canadian Pacific 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 Pacific price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Canadian Pacific Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Canadian Pacific Railway applied against its price change over selected period. The best fit line has a slop of   0.24  , which suggests that Canadian Pacific Railway will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 2093.04, which is the sum of squared deviations for the predicted Canadian Pacific price change compared to its average price change.

About Canadian Pacific 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 Pacific 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 Pacific Railway based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian Pacific Railway price pattern first instead of the macroeconomic environment surrounding Canadian Pacific Railway. By analyzing Canadian Pacific'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 Pacific'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 Pacific specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio21.8526.718.7515.9
Short Term Coverage Ratios2.382.741.271.21

Canadian Pacific March 29, 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.

Canadian Pacific March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Canadian stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Canadian Pacific Railway is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Pacific Railway Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Pacific Railway Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Pacific Railway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Canadian Stock analysis

When running Canadian Pacific's price analysis, check to measure Canadian Pacific'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 Pacific is operating at the current time. Most of Canadian Pacific's value examination focuses on studying past and present price action to predict the probability of Canadian Pacific'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 Pacific's price. Additionally, you may evaluate how the addition of Canadian Pacific to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Pacific's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Pacific. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Pacific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.19)
Dividend Share
0.76
Earnings Share
3.1
Revenue Per Share
13.481
Quarterly Revenue Growth
0.534
The market value of Canadian Pacific Railway is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Pacific's value that differs from its market value or its book value, called intrinsic value, which is Canadian Pacific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Pacific's market value can be influenced by many factors that don't directly affect Canadian Pacific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.