The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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CSX Corp.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 73.26
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SAR
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It was a fourth consecutive positive week for the CSX Corp. (CSX). During the week, the CSX gained 1.13 points, or 1.59%, and closed at 72.39 on Friday, August 10, 2018. Weekly volume was -41% 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 72.91 on August 7, 2018. CSX gained -69.66 points, or -2143.38%, in 945 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (25.16) 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 72.91 on August 7, 2018. CSX gained -24.92 points, or -51.93%, in 52 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend resistance line (73.26). 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 and Lane's Stochastic are 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 and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 April 20, 2018. 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 uptrend had started on February 9, 2018 at 48.43 and reached 72.91 on August 7, 2018. CSX gained -24.48 points, or -50.55%, in 179 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.93 and resistance is at 74.02. 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since July 17, 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.

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) 65.77
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 84.95
Overbought Bearish
Greed/Fear Indicator (GFI) 78.75
Moving Average Converg./Diverg. (MACD) 1.65 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.72
Overbought
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 81.76
Overbought Bearish
Greed/Fear Indicator (GFI) 79.10
Moving Average Converg./Diverg. (MACD) 3.06 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 74.68
Weekly Trendline Resistance 74.02
Monthly Trendline Resistance 73.26
Parabolic System 72.98
Daily Stochastic Crossing 72.43
Price 72.39
Weekly Stochastic Crossing 71.44
20 Day Moving Average 70.17
50 Day Moving Average 67.15
Weekly Trendline Support 66.93
Lower Bollinger Band 65.61
Sector and Industry
Description Name Rank
Sector Services 8
Industry Railroads 141
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 62.72
Low Date 06/28/2018
High 72.91
High Date 08/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 74.02
Support 66.93
Low 48.43
Low Date 02/09/2018
High 72.91
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Test Resistance
Resistance 73.26
Support 48.86
Low 47.99
Low Date 08/02/2017
High 72.91
High Date 08/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 72.91
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 47.53
Support 25.16
Low 3.25
Low Date 06/21/2000
High 72.91
High Date 08/07/2018
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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