Based on the provided data and technical analysis, here is the prediction for CP's stock price next week:
Technical Analysis:
Price Movement Analysis:
Price Target for Next Week: Based on technical indicators and Fibonacci levels:
Trading Recommendation: BUY with entry at current price ($80.1)
The stock shows bullish momentum with strong technical support. Recent crossing above 200-day MA and positive MACD suggest continued upward movement. However, traders should be cautious as RSI approaches overbought territory.
The price of CP is predicted to go up 9.92%, based on the high correlation periods with SMCI. The similarity of these two price pattern on the periods is 94.94%.
CP
SMCI
The Kansas City Southern merger, which creates new, seamless intermodal lanes, should yield meaningful opportunities for incremental volume growth.
We expect organic intermodal volumes to flip positive this year as Canadian West Coast port volumes rebound, retail sector restocking improves, and truckload competition abates.
CEO Keith Creel, who worked with legendary operator Hunter Harrison, has pushed to instill precision railroading principles into CP's culture.
Barclays
Price Target
$97 → $91
Upside
+21.63%
Stifel
Price Target
$82 → $76
Upside
+1.93%
Susquehanna
Price Target
$92 → $90
Upside
+18.11%