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Monthly Pattern:Rising Wedge
Number of records: 9
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
CSX Corp.
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBullish Harami CandlestickPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the CSX Corp. (CSX). During the week, the CSX dropped -4.36 points, or -7.89%, and closed at 50.89 on Friday, February 09, 2018. Weekly volume was 27% above average.

CSX is a member of Services Sector. Services 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 uptrend had started on June 21, 2000 at 3.25 and reached 60.04 on January 16, 2018. CSX gained -56.79 points, or -1747.38%, in 916 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (24.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 August 2, 2017 at 47.99 and reached 60.04 on January 16, 2018. CSX gained -12.05 points, or -25.11%, in 23 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 48.47 and resistance is at 61.69. A Broadening Ascending 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, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 16, 2018 at 60.04 and reached 48.43 on February 9, 2018. CSX lost 11.61 points, or 19.34%, in 24 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 January 17, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the 20 Day Moving Average 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.

Candlestick pattern: [See CSX candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.02
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 22.86
Greed/Fear Indicator (GFI) 23.52
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.22
Williams' Percentage Range (W%R) 78.20
Lane's Stochastic (%D-Slow) 66.68
Greed/Fear Indicator (GFI) 46.57
Moving Average Converg./Diverg. (MACD) 1.63
Trading Signals
Description Value Chart
Upper Bollinger Band 59.96
50 Day Moving Average 56.10
20 Day Moving Average 55.96
Weekly Stochastic Crossing 55.40
Parabolic System 55.25
Daily Stochastic Crossing 51.07
Price 50.89
Lower Bollinger Band 50.02
Monthly Trendline Support 48.47
Yearly Trendline Resistance 46.31
Sector and Industry
Description Name Rank
Sector Services 9
Industry Railroads 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 58.01
High Date 01/26/2018
Low 48.43
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.04
High Date 01/16/2018
Low 48.43
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 61.69
Support 48.47
Low 47.99
Low Date 08/02/2017
High 60.04
High Date 01/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 60.04
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 46.31
Support 24.54
Low 3.25
Low Date 06/21/2000
High 60.04
High Date 01/16/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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