The Greedy Trader Weekly Analysis
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Norfolk Southern Corp.
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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overbought
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Norfolk Southern Corp. (NSC). During the week, the NSC gained 1.73 points, or 1.03%, and closed at 170.32 on Friday, November 09, 2018. NSC was trading at average weekly trading volume.

NSC 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 NSC long-term trend chart]
A long-term uptrend had started on April 6, 2018 at 127.79 and reached 186.91 on September 18, 2018. NSC gained -59.12 points, or -46.26%, in 23 weeks. The price is now at the 28.06% retracement level.

Medium-term trend: [See NSC medium-term trend chart]
A medium-term downtrend had started on September 18, 2018 at 186.91 and reached 155.00 on October 23, 2018. NSC lost 31.91 points, or 17.07%, in 5 weeks. The price is now at the 48.01% retracement level.

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

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively 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 NSC short-term trend chart]
A short-term uptrend had started on October 23, 2018 at 155.00 and reached 173.66 on November 8, 2018. NSC gained -18.66 points, or -12.04%, in 16 days. The price is now at the 17.90% retracement level.

Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.07
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 78.82
Greed/Fear Indicator (GFI) 75.40
Moving Average Converg./Diverg. (MACD) -2.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.71
Williams' Percentage Range (W%R) 38.20
Lane's Stochastic (%D-Slow) 29.16
Greed/Fear Indicator (GFI) 46.52
Moving Average Converg./Diverg. (MACD) 7.62
Trading Signals
Description Value Chart
Upper Bollinger Band 177.53
50 Day Moving Average 174.29
Daily Stochastic Crossing 172.23
Price 170.32
20 Day Moving Average 166.41
Parabolic System 164.68
Weekly Stochastic Crossing 163.74
Lower Bollinger Band 160.66
Sector and Industry
Description Name Rank
Sector Services 8
Industry Railroads 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 165.92
Low Date 11/06/2018
High 173.66
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.00
Low Date 10/23/2018
High 173.66
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 186.91
High Date 09/18/2018
Low 155.00
Low Date 10/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.79
Low Date 04/06/2018
High 186.91
High Date 09/18/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.51
Low Date 02/03/2016
High 186.91
High Date 09/18/2018
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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