The Greedy Trader Weekly Analysis
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Number of records: 8
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CSX Corp.
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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the CSX Corp. (CSX). During the week, the CSX dropped -1.83 points, or -2.27%, and closed at 78.69 on Friday, May 10, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -33% below average.

Long-term trend: [See CSX long-term trend chart]
A long-term uptrend had started on June 21, 2000 at 3.25 and reached 80.73 on May 3, 2019. CSX gained -77.48 points, or -2384%, in 984 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (26.09) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 December 26, 2018 at 58.47 and reached 80.73 on May 3, 2019. CSX gained -22.26 points, or -38.07%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 77.63 and resistance is at 82.49. 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 medium-term trend.

Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 15, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CSX short-term trend chart]
A short-term downtrend had started on May 3, 2019 at 80.73 and reached 76.78 on May 10, 2019. CSX lost 3.95 points, or 4.89%, in 7 days. The price is now at the 48.35% retracement level.

Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.14
Williams' Percentage Range (W%R) 54.10
Lane's Stochastic (%D-Slow) 42.71
Greed/Fear Indicator (GFI) 45.90
Moving Average Converg./Diverg. (MACD) 1.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.27
Overbought
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 84.02
Overbought
Greed/Fear Indicator (GFI) 77.29
Moving Average Converg./Diverg. (MACD) 1.91
Trading Signals
Description Value Chart
Monthly Trendline Resistance 82.49
Upper Bollinger Band 80.52
Parabolic System 80.36
Weekly Stochastic Crossing 79.46
Price 78.69
20 Day Moving Average 78.61
Daily Stochastic Crossing 78.14
Monthly Trendline Support 77.63
Lower Bollinger Band 75.76
50 Day Moving Average 75.67
Sector and Industry
Description Name Rank
Sector Services 7
Industry Railroads 144
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 80.73
High Date 05/03/2019
Low 76.78
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.73
High Date 05/03/2019
Low 76.78
Low Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 82.49
Support 77.63
Low 58.47
Low Date 12/26/2018
High 80.73
High Date 05/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 80.73
High Date 05/03/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 49.34
Support 26.09
Low 3.25
Low Date 06/21/2000
High 80.73
High Date 05/03/2019
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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