The Greedy Trader Weekly Analysis
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Norfolk Southern Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceWeekly  MACD line has moved above its signal lineTrend resistance at 140.15
Daily :Williams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Norfolk Southern Corp. (NSC). During the week, the NSC gained 7.49 points, or 5.76%, and closed at 137.50 on Friday, December 01, 2017. Weekly volume was 43% above 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 139.98 on November 30, 2017. NSC gained -128.04 points, or -1072.36%, in 892 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (140.15). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See NSC medium-term trend chart]
A medium-term uptrend had started on February 3, 2016 at 64.51 and reached 139.98 on November 30, 2017. NSC gained -75.47 points, or -116.99%, in 95 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (129.70) 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 medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 November 27, 2017 at 126.40 and reached 139.98 on November 30, 2017. NSC gained -13.58 points, or -10.74%, in 3 days. The price is now at the 18.26% retracement level.

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

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.24
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 68.76
Greed/Fear Indicator (GFI) 77.59
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.90
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 54.53
Bearish
Greed/Fear Indicator (GFI) 70.16
Moving Average Converg./Diverg. (MACD) 3.84
Trading Signals
Description Value Chart
Yearly Trendline Resistance 140.15
Upper Bollinger Band 138.06
Price 137.50
Daily Stochastic Crossing 137.34
Quarterly Trendline Resistance 135.47
Weekly Stochastic Crossing 132.28
50 Day Moving Average 130.83
20 Day Moving Average 129.89
Quarterly Trendline Support 129.70
Parabolic System 127.35
Lower Bollinger Band 124.34
Sector and Industry
Description Name Rank
Sector Services 4
Industry Railroads 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.40
Low Date 11/27/2017
High 139.98
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 125.59
Low Date 11/13/2017
High 139.98
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.27
Low Date 03/27/2017
High 139.98
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 135.47
Support 129.70
Low 64.51
Low Date 02/03/2016
High 139.98
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 140.15
Support 72.25
Low 11.94
Low Date 10/23/2000
High 139.98
High Date 11/30/2017
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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