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Downtrend ResistanceArchive
- 1/3/2025 -
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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 gave back -0.12 points, or -0.37%, and closed at 32.34 on Friday, January 3, 2025. Weekly volume was -11% below average.
 Long-term trend: [See CSX long-term trend chart]
A long-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 Wedge chart pattern. The uptrend support line (33.73) 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 long-term trend.
 Medium-term trend: [See CSX medium-term trend chart]
A medium-term downtrend had started on November 6, 2024 at 37.10 and reached 31.43 on December 20, 2024. CSX lost 5.67 points, or 15.28%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 30.29 and resistance is at 36.61. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access 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. 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 20, 2024 at 31.43 and reached 32.68 on December 27, 2024. CSX gained -1.25 points, or -3.98%, in 7 days. The price is now at the 27.20% retracement level.
 Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 3, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (32.03) comes close to the price (32.34). It indicates that the trend is getting weaker. 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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