The Greedy Trader Weekly Analysis
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- 10/5/2018
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CSX Corp.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 76.84
Daily :Williams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal lineThe period of low volatility of the stock price
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It was a third positive week after 3 consecutive negative weeks for the CSX Corp. (CSX). During the week, the CSX climbed 0.50 points, or 0.68%, and closed at 74.55 on Friday, October 05, 2018. Weekly volume was -28% below average.

CSX is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CSX long-term trend chart]
A long-term uptrend had started on June 21, 2000 at 3.25 and reached 76.24 on August 28, 2018. CSX gained -72.99 points, or -2245.85%, in 948 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (25.35) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CSX medium-term trend chart]
A medium-term uptrend had started on August 2, 2017 at 47.99 and reached 76.24 on August 28, 2018. CSX gained -28.25 points, or -58.87%, in 55 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend resistance line (76.84). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CSX short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 48.43 and reached 76.24 on August 28, 2018. CSX gained -27.81 points, or -57.42%, in 200 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 73.30 and resistance is at 81.20. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (74.03) comes close to the price (74.55). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is falling, and it was 3% on Friday. It is 69.27% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.28
Williams' Percentage Range (W%R) 0.30
Strong Overbought
Lane's Stochastic (%D-Slow) 69.35
Greed/Fear Indicator (GFI) 75.76
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.34
Overbought
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 76.12
Greed/Fear Indicator (GFI) 78.96
Moving Average Converg./Diverg. (MACD) 4.05
Trading Signals
Description Value Chart
Weekly Trendline Resistance 81.20
Monthly Trendline Resistance 76.84
Upper Bollinger Band 75.22
Weekly Stochastic Crossing 75.04
Daily Stochastic Crossing 74.82
Price 74.55
Parabolic System 74.03
20 Day Moving Average 74.00
50 Day Moving Average 73.48
Weekly Trendline Support 73.30
Lower Bollinger Band 72.97
Sector and Industry
Description Name Rank
Sector Services 8
Industry Railroads 148
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 72.73
Low Date 09/21/2018
High 75.66
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 81.20
Support 73.30
Low 48.43
Low Date 02/09/2018
High 76.24
High Date 08/28/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Test Resistance
Resistance 76.84
Support 48.99
Low 47.99
Low Date 08/02/2017
High 76.24
High Date 08/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 76.24
High Date 08/28/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 47.91
Support 25.35
Low 3.25
Low Date 06/21/2000
High 76.24
High Date 08/28/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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