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Advanced TA SearchArchive
- 4/5/2024 -
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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 -0.77 points, or -2.08%, and closed at 36.30 on Friday, April 5, 2024. Weekly volume was -14% 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 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 (29.44) 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 price is near the trend resistance line (35.85). 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 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 17, 2023. 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 March 28, 2024 at 37.17 and reached 35.96 on April 4, 2024. CSX lost 1.21 points, or 3.26%, in 7 days. The price is now at the 28.10% 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 March 5, 2024. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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