CSX Technical Analysis - CSX CORP

Technical Rating and Analysis

Taking everything into account, CSX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CSX is only an average performer.

The long and short term trends are both positive. This is looking good!

CSX is part of the Ground Transportation industry. There are 42 other stocks in this industry. CSX outperforms 78% of them.

CSX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CSX is lagging the market slightly.

In the last month CSX has a been trading in the 31.80 - 36.05 range, which is quite wide. It is currently trading near the high of this range.

CSX has an average volume of 20333700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, CSX turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CSX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

31.72

36.92

When analyzing the support we notice one important area.

A support zone ranging from 32.04 to 34.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 36.14 to 36.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for CSX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CSX is up.
ChartMill Relative Strength	55.75	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)	UP	POSITIVE	The current price of CSX is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.39	NEUTRAL	The RSI value for CSX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests CSX has a positive trend.
Stochastics (14,3)	88.27	OVERBOUGHT	The high Stochastics value suggests CSX may be overbought.
Average True Range in percent/ATR (20)	2.01	MEDIUM VOLATILITY	The ATR as a percentage value for CSX suggests some volalility.
Average Directional Index/ADX (14)	25.01	POSITIVE	The high ADX value value for CSX suggests a strong trend.