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Railroads Industry Stocks Technical Analysis - NSCArchive
- 5/17/2024 -
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Norfolk Southern Corp. (NSC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 6 consecutive negative weeks for the Norfolk Southern Corp. (NSC). During the week, the NSC climbed 1.18 points, or 0.51%, and closed at 231.47 on Friday, May 17, 2024. It was the best weekly gain since March 8, 2024. Weekly volume was 28% above average.
 Long-term trend: [See NSC long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 299.20 and reached 183.09 on October 25, 2023. NSC lost 116.11 points, or 38.81%, in 94 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (171.95) 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 NSC medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 183.09 and reached 263.66 on March 13, 2024. NSC gained -80.57 points, or -44.01%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (293.04) 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 medium-term trend.
 Weekly Technical Indicators: [See NSC 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 April 12, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See NSC short-term trend chart]
A short-term uptrend had started on May 9, 2024 at 219.98 and reached 233.63 on May 17, 2024. NSC gained -13.65 points, or -6.21%, in 8 days. The price is now at the 15.82% retracement level.
 Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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| 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 |
7 |
| Industry |
Railroads |
18 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
219.98 |
| Low Date |
05/09/2024 |
| High |
233.63 |
| High Date |
05/17/2024 |
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| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
|
| Low |
219.98 |
| Low Date |
05/09/2024 |
| High |
233.63 |
| High Date |
05/17/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
225.75 |
| Support |
214.35 |
| High |
263.66 |
| High Date |
03/13/2024 |
| Low |
219.98 |
| Low Date |
05/09/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
287.52 |
| Support |
293.04 |
| Low |
183.09 |
| Low Date |
10/25/2023 |
| High |
263.66 |
| High Date |
03/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
207.22 |
| Support |
171.95 |
| High |
299.20 |
| High Date |
12/31/2021 |
| Low |
183.09 |
| Low Date |
10/25/2023 |
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