Taking everything into account, CSX scores 4 out of 10 in our technical rating. In the last year, CSX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, CSX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.84, a Stop Loss order could be placed below this zone.
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31.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 34.44 to 34.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.81 from a trend line in the daily time frame.
- A support zone ranging from 32.04 to 32.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.95 to 35.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 36.52 to 36.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CSX is neutral. |
| ChartMill Relative Strength | 55.1 | NEUTRAL | CSX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CSX is below 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) | 50.11 | NEUTRAL | The RSI value for CSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CSX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.8 | NEUTRAL | The Stochastics value for CSX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for CSX suggests low volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for CSX suggests a weak or negative trend. |
34.9
+0.51 (+1.48%)
CSX CORP / CSX FAQ
Can you provide the ChartMill technical rating for CSX CORP?
ChartMill assigns a technical rating of 4 / 10 to CSX.
What is the trend direction for CSX stock?
The current trend direction for CSX CORP (CSX) is Bearish.
Can you provide the RSI signal for CSX CORP?
CSX CORP (CSX) has an RSI value of 50.1145. This indicates that the stock is currently neutral.
What are the support and resistance levels for CSX CORP (CSX) stock?
CSX CORP (CSX) has a support level at 34.84 and a resistance level at 34.95. Check the full technical report for our detailed analysis of CSX support and resistance levels.