The Greedy Trader Weekly Analysis
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Number of records: 2
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CSX Corp.
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the CSX Corp. (CSX). During the week, the CSX gained 2.43 points, or 3.87%, and closed at 65.22 on Friday, January 11, 2019. It was the best weekly gain since November 30, 2018. Weekly volume was -13% 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 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 (25.68) 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 January 20, 2016 at 21.33 and reached 76.24 on August 28, 2018. CSX gained -54.91 points, or -257.43%, in 135 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (74.58) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. The distance between MACD and the signal line is near its high, but getting smaller. 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 December 26, 2018 at 58.47 and reached 65.56 on January 11, 2019. CSX gained -7.09 points, or -12.13%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 3, 2019. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 64.69
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 90.71
Strong Overbought
Greed/Fear Indicator (GFI) 69.67
Moving Average Converg./Diverg. (MACD) -1.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.54
Williams' Percentage Range (W%R) 66.30
Lane's Stochastic (%D-Slow) 25.59
Greed/Fear Indicator (GFI) 34.84
Moving Average Converg./Diverg. (MACD) 1.02
Trading Signals
Description Value Chart
Quarterly Trendline Support 74.58
Upper Bollinger Band 68.35
50 Day Moving Average 67.43
Price 65.22
Daily Stochastic Crossing 65.10
20 Day Moving Average 62.99
Weekly Stochastic Crossing 61.79
Parabolic System 61.61
Lower Bollinger Band 59.84
Sector and Industry
Description Name Rank
Sector Services 4
Industry Railroads 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.47
Low Date 12/26/2018
High 65.56
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.90
High Date 12/03/2018
Low 58.47
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.24
High Date 08/28/2018
Low 58.47
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 81.46
Support 74.58
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 48.55
Support 25.68
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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