Overall CSX gets a technical rating of 6 out of 10. Although CSX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, CSX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 36.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.80, a Stop Loss order could be placed below this zone.
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31.72
3 important support areas can be observed.
- A support zone ranging from 34.88 to 35.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.65 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 3 important resistance areas.
- A resistance zone ranging from 36.52 to 36.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.40 to 37.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.33 from a horizontal 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 | 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 | 65.54 | NEUTRAL | CSX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CSX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CSX is above a declining 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) | 50.27 | NEUTRAL | The RSI value for CSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CSX has a negative trend. |
| Stochastics (14,3) | 25.31 | NEUTRAL | The Stochastics value for CSX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for CSX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.72 | NEGATIVE | The low ADX value for CSX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 36.62 | 36.07 | 0.55 (1.50%) | 25.00% |
| An entry @36.62. This is a Buy Stop order right above the resistance zone. | An exit @36.07. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.55 points, which is 1.50%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CSX. Please evaluate whether better entry and exit points can be found.
- 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.
36.25
-0.17 (-0.47%)
CSX CORP / CSX FAQ
Can you provide the ChartMill technical rating for CSX CORP?
ChartMill assigns a technical rating of 6 / 10 to CSX.
Can you provide the trend direction for CSX CORP?
The current trend direction for CSX CORP (CSX) is Bullish.
Can you provide the RSI signal for CSX CORP?
CSX CORP (CSX) has an RSI value of 50.2726. This indicates that the stock is currently neutral.
What is the MACD signal for CSX stock?
The MACD indicator for CSX CORP (CSX) has a value of -0.0896169, indicating a bearish trend.
Can you provide the short term momentum for CSX CORP?
The short term momentum for CSX CORP (CSX) is positive.