The Greedy Trader Weekly Analysis
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CSX Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the CSX Corp. (CSX). During the week, the CSX gained 1.48 points, or 2.14%, and closed at 70.66 on Friday, November 09, 2018. Weekly volume was -18% below average.

CSX is a member of Services Sector. Services is the second 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 76.24 on August 28, 2018. CSX gained -72.99 points, or -2245.85%, in 948 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (25.48) 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 downtrend had started on August 28, 2018 at 76.24 and reached 63.65 on October 26, 2018. CSX lost 12.59 points, or 16.51%, in 8 weeks. The price is now at the 55.68% retracement level.

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

The weekly MACD line is below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 October 26, 2018 at 63.65 and reached 72.77 on November 8, 2018. CSX gained -9.12 points, or -14.33%, in 13 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.14
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 86.25
Overbought
Greed/Fear Indicator (GFI) 74.81
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.42
Williams' Percentage Range (W%R) 38.20
Lane's Stochastic (%D-Slow) 32.31
Greed/Fear Indicator (GFI) 46.99
Moving Average Converg./Diverg. (MACD) 3.21
Trading Signals
Description Value Chart
Upper Bollinger Band 74.02
Daily Stochastic Crossing 72.26
50 Day Moving Average 71.78
Price 70.66
20 Day Moving Average 69.00
Parabolic System 68.09
Weekly Stochastic Crossing 67.55
Lower Bollinger Band 65.87
Sector and Industry
Description Name Rank
Sector Services 8
Industry Railroads 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.65
Low Date 10/26/2018
High 72.77
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.24
High Date 08/28/2018
Low 63.65
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.99
Low Date 08/02/2017
High 76.24
High Date 08/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 76.24
High Date 08/28/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 48.15
Support 25.48
Low 3.25
Low Date 06/21/2000
High 76.24
High Date 08/28/2018
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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