We assign a technical rating of 9 out of 10 to CSX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CSX is showing a nice and steady performance.
Although CSX has an excellent technical rating, it does not present a decent entry opportunity 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.
31.74
When analyzing the support we can see 3 important areas.
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 | 78.44 | POSITIVE | CSX has a high relative strength, it outperformed 78.44% 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) | 76.96 | OVERBOUGHT | The high RSI value suggests CSX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests CSX has a positive trend. |
| Stochastics (14,3) | 95.95 | OVERBOUGHT | The high Stochastics value suggests CSX may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CSX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.42 | POSITIVE | The high ADX value value for CSX suggests a strong trend. |
40.61
+0.74 (+1.86%)
ChartMill assigns a technical rating of 9 / 10 to CSX.
The current trend direction for CSX CORP (CSX) is Bullish.
CSX CORP (CSX) has an RSI value of 76.9569. This indicates that the stock is currently overbought.
The MACD indicator for CSX CORP (CSX) has a value of 0.389382, indicating a bearish trend.
The short term momentum for CSX CORP (CSX) is positive.