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Railroads Industry Stocks Technical Analysis - NSCArchive
- 6/7/2024 -
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Norfolk Southern Corp. (NSC) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Norfolk Southern Corp. (NSC). During the week, the NSC gave back -0.73 points, or -0.32%, and closed at 224.07 on Friday, June 7, 2024. Weekly volume was -33% below average.
 Long-term trend: [See NSC long-term trend chart]
A long-term uptrend had started on October 25, 2023 at 183.09 and reached 263.66 on March 13, 2024. NSC gained -80.57 points, or -44.01%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (303.96) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See NSC medium-term trend chart]
A medium-term downtrend had started on March 13, 2024 at 263.66 and reached 218.41 on May 30, 2024. NSC lost 45.25 points, or 17.16%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (224.49). 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 medium-term trend.
 Weekly Technical Indicators: [See NSC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold while Relative Strength Index is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range and Lane's Stochastic or strongly oversold weekly Relative Strength Index. 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 below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend 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 May 30, 2024 at 218.41 and reached 226.85 on June 7, 2024. NSC gained -8.44 points, or -3.86%, in 8 days. The price is now at the 32.94% retracement level.
 Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
3 |
| Industry |
Railroads |
14 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
220.42 |
| Low Date |
06/05/2024 |
| High |
226.85 |
| High Date |
06/07/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
218.41 |
| Low Date |
05/30/2024 |
| High |
226.85 |
| High Date |
06/07/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Test Resistance |
| Resistance |
224.49 |
| Support |
217.74 |
| High |
263.66 |
| High Date |
03/13/2024 |
| Low |
218.41 |
| Low Date |
05/30/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
294.79 |
| Support |
303.96 |
| Low |
183.09 |
| Low Date |
10/25/2023 |
| High |
263.66 |
| High Date |
03/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
299.20 |
| High Date |
12/31/2021 |
| Low |
183.09 |
| Low Date |
10/25/2023 |
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