CSX CORP (CSX) Technical Analysis
NASDAQ:CSX • US1264081035
Current stock price
CSX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CSX. Both in the recent history as in the last year, CSX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CSX is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, CSX also shows a nice and consistent pattern of rising prices.
- CSX is part of the Ground Transportation industry. There are 42 other stocks in this industry. CSX outperforms 73% of them.
- CSX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CSX has a been trading in the 39.03 - 43.80 range, which is quite wide. It is currently trading near the high of this range.
- CSX has an average volume of 12652600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CSX Weekly and Daily overview Charts
CSX Setup Rating and Analysis
CSX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 43.26. Right above this resistance zone may be a good entry point.
More info and screens
CSX Support and Resistance Analysis
34.88
5 important support areas can be observed.
- A support zone ranging from 40.65 to 41.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.39 to 39.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.16 to 38.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.52 from a horizontal line in the daily time frame.
- Support @35.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.26 to 43.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
CSX 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 | 85.99 | POSITIVE | CSX has a high relative strength, it outperformed 85.99% off all stocks 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) | 63.93 | NEUTRAL | The RSI value for CSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.19 | OVERBOUGHT | The high Stochastics value suggests CSX may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for CSX suggests low volalility. |
| Average Directional Index/ADX (14) | 24.97 | NEUTRAL | The ADX value for CSX suggests a possible start of a new trend. |
CSX Chart- and CandleStick Pattern Analysis
CSX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.73 | 41.76 | 1.97 (4.52%) | 22.14% |
| An entry @43.73. This is a Buy Stop order right above the resistance zone. | An exit @41.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.97 points, which is 4.52%. | When investing 22.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CSX Technicals: Chart, Performance Metrics, Trend & Indicators
43.18
-0.19 (-0.44%)
CSX CORP / CSX TA FAQ
Can you provide the ChartMill technical rating for CSX CORP?
ChartMill assigns a technical rating of 10 / 10 to CSX.
What is the current trend direction of CSX CORP (CSX) stock?
The current trend direction for CSX CORP (CSX) is Bullish.
What is the RSI signal for CSX stock?
CSX CORP (CSX) has an RSI value of 63.927. This indicates that the stock is currently neutral.
What is the MACD signal for CSX CORP (CSX) stock?
The MACD indicator for CSX CORP (CSX) has a value of 0.159741, indicating a bearish trend.
What is the support and resistance level for CSX stock?
CSX CORP (CSX) has a support level at 41.77 and a resistance level at 43.26. Check the full technical report for our detailed analysis of CSX support and resistance levels.