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Archive
- 1/10/2025 -
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Norfolk Southern Corp. (NSC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Norfolk Southern Corp. (NSC). During the week, the NSC gave back -2.00 points, or -0.85%, and closed at 233.90 on Friday, January 10, 2025. Weekly volume was -23% below average.
 Long-term trend: [See NSC long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 299.20 and reached 183.09 on October 25, 2023. NSC lost 116.11 points, or 38.81%, in 94 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 226.20 and resistance is at 250.24. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See NSC medium-term trend chart]
A medium-term downtrend had started on November 6, 2024 at 277.60 and reached 230.00 on December 20, 2024. NSC lost 47.60 points, or 17.15%, in 6 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 215.05 and resistance is at 277.60. A Broadening Descending 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, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See NSC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See NSC short-term trend chart]
A short-term uptrend had started on December 20, 2024 at 230.00 and reached 240.40 on January 6, 2025. NSC gained -10.40 points, or -4.52%, in 17 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish 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.
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