CSX CORP (CSX) Stock Technical Analysis
NASDAQ:CSX - Nasdaq - US1264081035 - Common Stock - Currency: USD
Overall CSX gets a technical rating of 5 out of 10. In the past year, CSX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CSX is a bad performer in the overall market: 65% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CSX has a been trading in the 27.74 - 31.67 range, which is quite wide. It is currently trading near the high of this range.
CSX has an average volume of 16076400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CSX is part of the Ground Transportation industry. There are 39 other stocks in this industry, CSX did better than 60% of them.
CSX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CSX is lagging the market slightly.
Although the technical rating is only medium, CSX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 31.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.12, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.81
35.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 31.12 to 31.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.11 to 30.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 31.43 to 31.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.79 from a horizontal line in the daily time frame.
- Resistance @35.39 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CSX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSX is up. |
| ChartMill Relative Strength | 35.9 | NEUTRAL | CSX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.96 | NEUTRAL | The RSI value for CSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.54 | OVERBOUGHT | The high Stochastics value suggests CSX may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for CSX suggests low volalility. |
| Average Directional Index/ADX (14) | 30.19 | POSITIVE | The high ADX value value for CSX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
31.42
+0.08 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.26%
1 Week3.05%
2 Weeks1.26%
1 Month11.93%
3 Month-1.84%
6 Month-14.04%
12 Month-6.9%
2 Year2.45%
3 Year-1.16%
5 Year31.69%
10 Year176.59%
15 Year80.4%
Volatility
ATR(14)0.64
ATR(20)%1.94%
ATR Inc-40.26%
Range Today0.45
ADR(20)0.53
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.9
Mansfield-0.68
10 Day High31.67
10 Day Low30.17
20 Day High31.67
20 Day Low27.74
52 Week High37.1
52 Week Low26.22
CS1 End31.12
CR1 Start31.43
Volume & EV
DER(3)-0.33%
DER(5)-1.61%
Volume15.01M
Volume Incr32.07%
Vol(5)17.27M
Vol(50)16.08M