The Greedy Trader Weekly Analysis
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Daily Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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CSX Corp. (CSX) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :
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It was the negative week for the CSX Corp. (CSX). During the week, the CSX gave back -0.14 points, or -0.41%, and closed at 33.85 on Friday, May 3, 2024. Weekly volume was -7% below average.

Long-term trend: [See CSX long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 104.87 and reached 25.80 on October 13, 2022. CSX lost 79.07 points, or 75.40%, in 74 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (29.57) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See CSX medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 25.80 and reached 40.05 on February 23, 2024. CSX gained -14.25 points, or -55.23%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 29.52 and resistance is at 36.00. 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 oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.

The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CSX short-term trend chart]
A short-term downtrend had started on February 23, 2024 at 40.05 and reached 32.96 on May 1, 2024. CSX lost 7.09 points, or 17.70%, in 68 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 32.66 and resistance is at 34.33. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.76
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 24.70
Greed/Fear Indicator (GFI) 28.59
Moving Average Converg./Diverg. (MACD) -0.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.96
Williams' Percentage Range (W%R) 85.60
Oversold
Lane's Stochastic (%D-Slow) 10.28
Oversold
Greed/Fear Indicator (GFI) 21.87
Moving Average Converg./Diverg. (MACD) 1.12
Trading Signals
Description Value Chart
50 Day Moving Average 36.26
Upper Bollinger Band 36.19
Quarterly Trendline Resistance 36.00
20 Day Moving Average 34.49
Parabolic System 34.37
Weekly Trendline Resistance 34.33
Price 33.85
Weekly Stochastic Crossing 33.34
Daily Stochastic Crossing 33.30
Lower Bollinger Band 32.88
Weekly Trendline Support 32.66
Yearly Trendline Resistance 30.51
Yearly Trendline Support 29.57
Quarterly Trendline Support 29.52
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Railroads 14
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.96
Low Date 05/01/2024
High 33.97
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 34.33
Support 32.66
High 40.05
High Date 02/23/2024
Low 32.96
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.03
Low Date 10/27/2023
High 40.05
High Date 02/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 36.00
Support 29.52
Low 25.80
Low Date 10/13/2022
High 40.05
High Date 02/23/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 30.51
Support 29.57
High 104.87
High Date 05/10/2021
Low 25.80
Low Date 10/13/2022
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.