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Railroads Industry Stocks Technical Analysis - CSXArchive
- 4/19/2024 -
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CSX Corp. (CSX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CSX Corp. (CSX). During the week, the CSX dropped -1.00 points, or -2.83%, and closed at 34.34 on Friday, April 19, 2024. Weekly volume was 51% above average.
CSX is a member of Industrials Sector. Industrials 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 downtrend had started on May 10, 2021 at 104.87 and reached 25.80 on October 13, 2022. CSX lost 79.07 points, or 75.40%, in 74 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (29.51) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See CSX medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 25.80 and reached 40.05 on February 23, 2024. CSX gained -14.25 points, or -55.23%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 29.44 and resistance is at 35.92. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. 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 February 23, 2024 at 40.05 and reached 33.92 on April 17, 2024. CSX lost 6.13 points, or 15.31%, in 54 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 33.73 and resistance is at 35.66. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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 daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down.
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