The Greedy Trader Weekly Analysis
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Norfolk Southern Corp.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a second consecutive positive week for the Norfolk Southern Corp. (NSC). During the week, the NSC climbed 0.09 points, or 0.06%, and closed at 152.49 on Friday, May 18, 2018. Weekly volume was -18% below average.

NSC is a member of Services Sector. Services is the 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 October 23, 2000 at 11.94 and reached 157.15 on January 16, 2018. NSC gained -145.21 points, or -1216.16%, in 899 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (73.86) 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 February 3, 2016 at 64.51 and reached 157.15 on January 16, 2018. NSC gained -92.64 points, or -143.61%, in 101 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 150.21 and resistance is at 173.31. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

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 April 6, 2018 at 127.79 and reached 153.73 on May 11, 2018. NSC gained -25.94 points, or -20.30%, in 35 days. Price is near the trend high.

Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 12, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.06
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 82.37
Overbought
Greed/Fear Indicator (GFI) 83.26
Overbought
Moving Average Converg./Diverg. (MACD) 3.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.62
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 75.52
Greed/Fear Indicator (GFI) 71.18
Moving Average Converg./Diverg. (MACD) 2.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 173.31
Upper Bollinger Band 156.57
Daily Stochastic Crossing 152.50
Price 152.49
Quarterly Trendline Support 150.21
Weekly Stochastic Crossing 149.18
Parabolic System 147.06
20 Day Moving Average 146.35
Yearly Trendline Resistance 143.41
50 Day Moving Average 139.96
Lower Bollinger Band 136.57
Monthly Trendline Resistance 128.86
Monthly Trendline Support 124.62
Sector and Industry
Description Name Rank
Sector Services 9
Industry Railroads 144
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 149.17
Low Date 05/15/2018
High 153.73
High Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.79
Low Date 04/06/2018
High 153.73
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 128.86
Support 124.62
High 157.15
High Date 01/16/2018
Low 127.79
Low Date 04/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 173.31
Support 150.21
Low 64.51
Low Date 02/03/2016
High 157.15
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 143.41
Support 73.86
Low 11.94
Low Date 10/23/2000
High 157.15
High Date 01/16/2018
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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