The Greedy Trader Weekly Analysis
Sign In Aug 10, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Norfolk Southern Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Relative Strength Index and Williams' Percentage Range are overboughtStochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Norfolk Southern Corp. (NSC). During the week, the NSC gained 3.38 points, or 2.01%, and closed at 171.62 on Friday, August 03, 2018. Weekly volume was -7% below average.

Long-term trend: [See NSC long-term trend chart]
A long-term uptrend had started on October 23, 2000 at 11.94 and reached 172.81 on July 26, 2018. NSC gained -160.87 points, or -1347.32%, in 926 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (74.61) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 April 6, 2018 at 127.79 and reached 172.81 on July 26, 2018. NSC gained -45.02 points, or -35.23%, in 15 weeks. Price is near the trend high.

Weekly Technical Indicators: [See NSC weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 June 28, 2018 at 147.22 and reached 172.81 on July 26, 2018. NSC gained -25.59 points, or -17.38%, in 28 days. Price is near the trend high.

Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since July 6, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.64
Overbought
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 79.71
Greed/Fear Indicator (GFI) 81.22
Overbought
Moving Average Converg./Diverg. (MACD) 3.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.27
Overbought
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 82.66
Overbought Bearish
Greed/Fear Indicator (GFI) 78.80
Moving Average Converg./Diverg. (MACD) 4.92
Trading Signals
Description Value Chart
Upper Bollinger Band 174.43
Price 171.62
Daily Stochastic Crossing 169.46
Weekly Stochastic Crossing 169.24
Parabolic System 164.69
20 Day Moving Average 162.85
50 Day Moving Average 156.69
Lower Bollinger Band 152.53
Yearly Trendline Resistance 144.91
Sector and Industry
Description Name Rank
Sector Services 7
Industry Railroads 141
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 166.76
Low Date 08/02/2018
High 171.71
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 147.22
Low Date 06/28/2018
High 172.81
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.79
Low Date 04/06/2018
High 172.81
High Date 07/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.51
Low Date 02/03/2016
High 172.81
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 144.91
Support 74.61
Low 11.94
Low Date 10/23/2000
High 172.81
High Date 07/26/2018
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.

Copyright© 2004-2016 All rights reserved.