Railroads Sector Outperforms with: $CP, $CSX, $NSC, $CNI, $UNP Analyzed
Annualized Return
The railroads sector, encompassing prominent players such as Canadian Pacific Railway (CP), CSX Corporation (CSX), Norfolk Southern Corporation (NSC), Canadian National Railway Company (CNI), and Union Pacific Corporation (UNP), has undergone a noteworthy +3.01% surge in performance over the past week. However, a closer examination reveals a complex landscape marked by negative outlook signals and fluctuating market dynamics.
Negative Outlook and Technical Indicators
Tickers in the Group: CP, CSX, NSC, CNI, UNP
Despite the recent uptick, stocks in this group currently face a Negative Outlook, as supported by the Bollinger Bands Indicator and the Stock Fear & Greed Index. Tickeron's analysis predicts a further decline of more than 4.00% within the next month, with an 81% likelihood. This sentiment aligns with a daily ratio of advancing to declining volumes at 1.26 to 1 over the last month.
Interestingly, five stocks in the group confirm this negative outlook based on the Relative Strength Index (RSI), with an average odds projection of
Market Cap Insights
The average market capitalization across the group stands at 77.7B, with valuations ranging from 51.2B to 134B. Union Pacific (UNP) leads the pack with the highest valuation at 134B, while Norfolk Southern (NSC) holds the lowest valuation at 51.2B.
High and Low Price Notable News
In terms of price movements, the average weekly price growth across all stocks in the group was 4.5%. Notably, the average monthly price growth was 4.68%, and the average quarterly price growth reached 10.25%. Norfolk Southern (NSC) experienced the highest weekly price growth at 7.8%, while Canadian National Railway Company (CNI) faced the most significant fall at 2.23%.
Individual Stock Analysis
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Canadian Pacific Railway (CP): The Moving Average Convergence Divergence (MACD) turned positive on January 31, 2024. Historical data indicates a 72% chance of continued upward movement over the next month. CP's current price of $82.98 is below the lowest support line found by A.I. Throughout January, CP enjoyed a +5% uptrend, with the week of January 26 - February 2 witnessing a +6% growth.
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Union Pacific Corporation (UNP): UNP's MACD turned positive on January 30, 2024, with a 66% chance of continued upward movement. The current price of $246.57 is above the highest support line found by A.I. UNP experienced a +2% uptrend in January, with the week of January 26 - February 2 seeing a +3% growth.
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CSX Corporation (CSX): CSX's MACD turned positive on January 29, 2024, with a 65% chance of continued upward movement. The current price of $36.73 is between the support lines at $36.27 and $38.15. Throughout January, CSX witnessed a +6% uptrend, with the week of January 26 - February 2 showing a +3% growth.
Volume Trends
While the average weekly volume growth across all stocks in the group was -13.39%, the monthly and quarterly trends painted a different picture, standing at 39.28% and -16.27%, respectively.
In summary, while recent positive performances in the railroads sector are evident, caution is advised based on the negative outlook signals and the diverse trends exhibited by individual stocks within the group. Investors should closely monitor technical indicators and market dynamics for a comprehensive understanding of potential future trajectories.
Momentum Indicator for CP turns positive, indicating new upward trend
CP saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of rail and intermodal transportation services
Industry Railroads