CSX Corp Technical Analysis (NASDAQ:CSX)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the CSX Corp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CSX stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CSX Corp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of CSX Corp stock analysis.
CSX Corp Moving Average
Moving averages show the average price of CSX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $65.48 is above the price of $64.78.
CSX Corp Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CSX stock. The stock price is trading between the average and the lower band in the context of CSX Corp bollinger bands.
CSX Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The CSX Corp MACD line is below the signal line.
CSX Corp Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of CSX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.