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Archive
- 12/13/2024 -
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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 -1.21 points, or -3.51%, and closed at 33.24 on Friday, December 13, 2024. Weekly volume was -8% below average.
CSX is a member of Industrials Sector. Industrials is the 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 February 23, 2024 at 40.05 and reached 31.74 on June 14, 2024. CSX lost 8.31 points, or 20.75%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (30.85). 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 long-term trend.
 Medium-term trend: [See CSX medium-term trend chart]
A medium-term uptrend had started on August 6, 2024 at 32.12 and reached 37.10 on November 6, 2024. CSX gained -4.98 points, or -15.50%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (33.29) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 6, 2024 at 37.10 and reached 33.23 on December 13, 2024. CSX lost 3.87 points, or 10.43%, in 37 days. Price is near the trend low.
 Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold 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 daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
10 |
| Industry |
Railroads |
41 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
37.10 |
| High Date |
11/06/2024 |
| Low |
33.23 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
38.68 |
| Support |
33.29 |
| Low |
32.12 |
| Low Date |
08/06/2024 |
| High |
37.10 |
| High Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
31.74 |
| Low Date |
06/14/2024 |
| High |
37.10 |
| High Date |
11/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Test Resistance |
| Resistance |
30.85 |
| Support |
33.11 |
| High |
40.05 |
| High Date |
02/23/2024 |
| Low |
31.74 |
| Low Date |
06/14/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.80 |
| Low Date |
10/13/2022 |
| High |
40.05 |
| High Date |
02/23/2024 |
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