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S&P 500 Oversold StocksArchive
- 4/19/2024 -
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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 dropped -4.46 points, or -1.81%, and closed at 241.28 on Friday, April 19, 2024. Weekly volume was -25% below average.
NSC is a member of Industrials Sector. Industrials is the second 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 downtrend had started on December 31, 2021 at 299.20 and reached 183.09 on October 25, 2023. NSC lost 116.11 points, or 38.81%, in 94 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (173.58) 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 NSC medium-term trend chart]
A medium-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 (277.45) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NSC may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.
 Weekly Technical Indicators: [See NSC weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See NSC short-term trend chart]
A short-term downtrend had started on April 16, 2024 at 242.06 and reached 239.08 on April 17, 2024. NSC lost 2.98 points, or 1.23%, in 1 days. The price is now at the 73.83% retracement level.
 Daily Technical Indicators: [See NSC daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since February 21, 2024. This is an indication that the short-term trend is down.
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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 |
8 |
| Industry |
Railroads |
27 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
242.06 |
| High Date |
04/16/2024 |
| Low |
239.08 |
| Low Date |
04/17/2024 |
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| Weekly Trend |
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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 |
242.06 |
| High Date |
04/16/2024 |
| Low |
239.08 |
| Low Date |
04/17/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Test Support |
| Resistance |
253.25 |
| Support |
240.28 |
| High |
263.66 |
| High Date |
03/13/2024 |
| Low |
239.08 |
| Low Date |
04/17/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
277.15 |
| Support |
277.45 |
| 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 |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
210.29 |
| Support |
173.58 |
| High |
299.20 |
| High Date |
12/31/2021 |
| Low |
183.09 |
| Low Date |
10/25/2023 |
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