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Archive
- 6/8/2018
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CSX Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaLane's Stochastic bearish divergenceThe price is above the upper Bollinger BandTrend resistance at 67.36
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It was a fifth consecutive positive week for the CSX Corp. (CSX). During the week, the CSX gained 1.63 points, or 2.49%, and closed at 67.07 on Friday, June 08, 2018. Weekly volume was -35% 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 67.14 on June 8, 2018. CSX gained -63.89 points, or -1965.85%, in 937 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (24.94) 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 August 2, 2017 at 47.99 and reached 67.14 on June 8, 2018. CSX gained -19.15 points, or -39.90%, in 44 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 48.71 and resistance is at 69.22. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 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 relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 67.14 on June 8, 2018. CSX gained -18.71 points, or -38.63%, in 119 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (67.36). 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 short-term trend.

Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since June 7, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 68.83
Williams' Percentage Range (W%R) 23.60
Lane's Stochastic (%D-Slow) 77.63
Bearish
Greed/Fear Indicator (GFI) 74.28
Moving Average Converg./Diverg. (MACD) 1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.35
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 93.16
Strong Overbought
Greed/Fear Indicator (GFI) 82.98
Overbought
Moving Average Converg./Diverg. (MACD) 1.92
Trading Signals
Description Value Chart
Monthly Trendline Resistance 69.22
Weekly Trendline Resistance 67.36
Price 67.07
Daily Stochastic Crossing 66.51
Weekly Stochastic Crossing 66.42
Upper Bollinger Band 66.27
20 Day Moving Average 64.34
Parabolic System 63.68
Lower Bollinger Band 61.88
50 Day Moving Average 60.66
Weekly Trendline Support 59.85
Sector and Industry
Description Name Rank
Sector Services 8
Industry Railroads 137
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 53.54
Low Date 04/06/2018
High 67.14
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 67.36
Support 59.85
Low 48.43
Low Date 02/09/2018
High 67.14
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 69.22
Support 48.71
Low 47.99
Low Date 08/02/2017
High 67.14
High Date 06/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 67.14
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 47.10
Support 24.94
Low 3.25
Low Date 06/21/2000
High 67.14
High Date 06/08/2018
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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