CSX CORP. - 1H - Technical analysis published on 05/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 101.39 USD
My targets
103.11 USD (+0.84%)
My analysis
The bullish trend is currently very strong on CSX CORP.. As long as the price remains above the support at 101.39 USD, you could try to benefit from the boom. The first bullish objective is located at 103.11 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CSX CORP. rating 102.25 USD. On the day, this instrument gained +1.04% and was between 101.57 USD and 102.40 USD. This implies that the price is at +0.67% from its lowest and at -0.15% from its highest.101.57
102.40
102.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CSX CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 99.89 | 101.39 | 102.08 | 102.25 | 103.11 |
| Change (%) | -2.31% | -0.84% | -0.17% | - | +0.84% |
| Change | -2.36 | -0.86 | -0.17 | - | +0.86 |
| Level | Minor | Minor | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.32 | 100.16 | 100.68 | 101.52 | 102.04 | 102.88 | 103.40 |
| Camarilla | 100.83 | 100.95 | 101.08 | 101.20 | 101.33 | 101.45 | 101.57 |
| Woodie | 99.16 | 100.08 | 100.52 | 101.44 | 101.88 | 102.80 | 103.24 |
| Fibonacci | 100.16 | 100.68 | 101.00 | 101.52 | 102.04 | 102.36 | 102.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.46 | 97.68 | 99.21 | 101.43 | 102.96 | 105.18 | 106.71 |
| Camarilla | 99.72 | 100.06 | 100.41 | 100.75 | 101.09 | 101.44 | 101.78 |
| Woodie | 95.13 | 97.51 | 98.88 | 101.26 | 102.63 | 105.01 | 106.38 |
| Fibonacci | 97.68 | 99.11 | 99.99 | 101.43 | 102.86 | 103.74 | 105.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.41 | 92.88 | 96.81 | 100.28 | 104.21 | 107.68 | 111.61 |
| Camarilla | 98.72 | 99.39 | 100.07 | 100.75 | 101.43 | 102.11 | 102.79 |
| Woodie | 89.65 | 93.00 | 97.05 | 100.40 | 104.45 | 107.80 | 111.85 |
| Fibonacci | 92.88 | 95.70 | 97.45 | 100.28 | 103.10 | 104.85 | 107.68 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.38 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 2.38 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 101.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 101.00 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 100.63 | |
| Zig ZAG (10): | 102.34 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 64.49 | |
| TEMA (21): | 102.07 | |
| Williams %R (14): | -15.00 | |
| Chande Momentum Oscillator (20): | 0.52 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.83 |
| MA7: | 101.37 | |
| MA20: | 100.47 | |
| MA50: | 96.53 | |
| MA100: | 93.41 | |
| MAexp7: | 101.89 | |
| MAexp20: | 101.73 | |
| MAexp50: | 101.55 | |
| MAexp100: | 100.93 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | +5.93% | |
| Price / MA100: | +9.46% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +1.31% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on CSX CORP. at the time of the generation of this analysis was as follows:
- Thinking about trading options or stock in CSX Corp, Tesla, GrowGeneration, Chewy, or Sunrun?
- Duos Technologies Completes First Full-Scale Rail Inspection Portal (rip(R)) for CSX Transportation, Inc.
-
Jim Cramer Breaks Down Big Tech's Excursion to Capitol Hill, and CSX Earnings
- CSX Corp. to Host Earnings Call
- Option-trading opportunities on CSX Corp., Intel Corp., JPMorgan Chase & Co., Qualcomm Inc., and Unum Group
This member declared not having a position on this financial instrument or a related financial instrument.
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