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Advanced TA SearchArchive
- 9/22/2023 -
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CSX Corp. (CSX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the CSX Corp. (CSX). During the week, the CSX gained 0.35 points, or 1.13%, and closed at 31.20 on Friday, September 22, 2023. Weekly volume was 6% above average.
 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 Rectangle chart pattern. The trend support level is at 26.10 and resistance is at 33.68. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern 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 34.38 on July 3, 2023. CSX gained -8.58 points, or -33.26%, in 37 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 29.63 and resistance is at 34.82. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since August 4, 2023. 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 September 7, 2023 at 29.45 and reached 31.57 on September 20, 2023. CSX gained -2.12 points, or -7.20%, in 13 days. The price is now at the 17.45% retracement level.
 Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 8, 2023. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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