The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 7/3/2025 -
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CSX Corp. (CSX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 34.42
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the CSX Corp. (CSX). During the week, the CSX gained 0.69 points, or 2.10%, and closed at 33.60 on Thursday, July 3, 2025. On Thursday CSX has reached 33.76 - the highest level since January 31, 2025. Weekly volume was -25% below average.

CSX is a member of Industrials Sector. Industrials 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 CSX long-term trend chart]
A long-term downtrend had started on February 23, 2024 at 40.05 and reached 26.22 on April 7, 2025. CSX lost 13.83 points, or 34.53%, in 58 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (34.42). 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 CSX medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 26.22 and reached 33.82 on July 1, 2025. CSX gained -7.60 points, or -28.99%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 32.56 and resistance is at 34.89. 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 CSX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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.

The weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 CSX short-term trend chart]
A short-term uptrend had started on June 20, 2025 at 31.84 and reached 33.82 on July 1, 2025. CSX gained -1.98 points, or -6.22%, in 11 days. The price is now at the 11.11% retracement level.

Daily Technical Indicators: [See CSX 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. Daily 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 daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.95
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 84.68
Overbought Bearish
Greed/Fear Indicator (GFI) 80.66
Overbought
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.69
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.08
Strong Overbought
Greed/Fear Indicator (GFI) 85.11
Overbought
Moving Average Converg./Diverg. (MACD) -0.68
Trading Signals
Description Value Chart
Monthly Trendline Resistance 34.89
Quarterly Trendline Resistance 34.42
Price 33.60
Daily Stochastic Crossing 33.52
Upper Bollinger Band 33.47
Weekly Stochastic Crossing 33.31
Parabolic System 32.58
Monthly Trendline Support 32.56
20 Day Moving Average 32.53
Lower Bollinger Band 31.45
50 Day Moving Average 30.94
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Railroads 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.84
Low Date 06/20/2025
High 33.82
High Date 07/01/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.84
Low Date 06/20/2025
High 33.82
High Date 07/01/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 34.89
Support 32.56
Low 26.22
Low Date 04/07/2025
High 33.82
High Date 07/01/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 34.42
Support 24.58
High 40.05
High Date 02/23/2024
Low 26.22
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.80
Low Date 10/13/2022
High 40.05
High Date 02/23/2024
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.