CSX CORP. - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 78.62 USD
My targets
80.52 USD (+2.13%)
My analysis
CSX CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 78.62 USD. The next resistance located at 80.52 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CSX CORP. rating 78.84 USD. The price has increased by +1.87% since the last closing and was between 78.22 USD and 78.94 USD. This implies that the price is at +0.79% from its lowest and at -0.13% from its highest.78.22
78.94
78.84
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 (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 Daily chart of CSX CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
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:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 69.22 | 75.45 | 78.62 | 78.84 | 80.52 |
| Change (%) | -12.20% | -4.30% | -0.28% | - | +2.13% |
| Change | -9.62 | -3.39 | -0.22 | - | +1.68 |
| Level | Minor | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.49 | 76.06 | 76.72 | 77.29 | 77.95 | 78.52 | 79.18 |
| Camarilla | 77.05 | 77.16 | 77.28 | 77.39 | 77.50 | 77.62 | 77.73 |
| Woodie | 75.54 | 76.08 | 76.78 | 77.31 | 78.00 | 78.54 | 79.24 |
| Fibonacci | 76.06 | 76.53 | 76.82 | 77.29 | 77.76 | 78.05 | 78.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.10 | 74.93 | 76.05 | 77.88 | 79.00 | 80.83 | 81.95 |
| Camarilla | 76.36 | 76.63 | 76.90 | 77.17 | 77.44 | 77.71 | 77.98 |
| Woodie | 72.75 | 74.75 | 75.69 | 77.70 | 78.64 | 80.65 | 81.60 |
| Fibonacci | 74.93 | 76.06 | 76.75 | 77.88 | 79.01 | 79.70 | 80.83 |
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): | 58.05 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 9.98 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 77.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.62 | |
| Elder Ray (13): | 1.00 | |
| Super Trend (3,10): | 74.55 | |
| Zig ZAG (10): | 78.83 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 71.78 | |
| TEMA (21): | 77.77 | |
| Williams %R (14): | -15.09 | |
| Chande Momentum Oscillator (20): | 2.24 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 6.38 |
| MA7: | 77.64 | |
| MA20: | 76.70 | |
| MA50: | 77.59 | |
| MA100: | 74.83 | |
| MAexp7: | 77.74 | |
| MAexp20: | 77.40 | |
| MAexp50: | 76.74 | |
| MAexp100: | 75.04 | |
| Price / MA7: | +1.55% | |
| Price / MA20: | +2.79% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +5.36% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | +1.86% | |
| Price / MAexp50: | +2.74% | |
| Price / MAexp100: | +5.06% |
News
The latest news and videos published on CSX CORP. at the time of the analysis were as follows:
- Option-trading opportunities on CSX Corp., Intel Corp., JPMorgan Chase & Co., Qualcomm Inc., and Unum Group
- Recent Analysis Shows Williams Partners, GameStop, Opko Health, Athersys, CSX, and Kratos Defense & Security Solutions Market Influences — Renewed Outlook, Key Drivers of Growth
- IIROC Trade Resumption / L'OCRCVM permet la reprise de la negociation - CSX
- IIROC Trading Halt / Suspension de la negociation par l'OCRCVM - CSX
-
CSX CEO: Tariffs Haven't Moved Our Business One Way Or Another | CNBC
This member declared not having a position on this financial instrument or a related financial instrument.
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