Sell signal · week 5 · Nasdaq
CSX gains 1.4% after a 5-week slide, but money flow keeps getting weaker
Our view last week
Money flow on CSX drops below zero for the first time in 19 weeks, while on the daily chart the price action lines up 5 lower highs, from the 50 area down to the 48 area. CSX stock closes down 0.7%, its 5th straight losing week, and the Sell signal's push, which was picking up a week ago, is fading again. Anyone already short is up 5.3%; among US stocks to watch, this is no place to open a fresh short.
This week's summary
CSX snaps a 5-week losing run with a 1.4% gain, but money flow keeps getting weaker: a week ago it had only just slipped below zero, now it is more negative and has been falling for 5 weeks. The bounce in CSX stock stalls just under the 20-week moving average, in the 47.9 area, with the MACD still below its Signal line. Technical analysis reads a pause in the decline: the Sell signal finds no fresh push and, for swing trading on US stocks, anyone already short is still up 4%.
IQS Phase
70
in tension
Signal Strength
3
decline losing steam
Sizing
MINIMUM
Ranking
#147 / 175
US stocks
Trade P&L %
+4.01%
from signal to date, no stop loss
Rank position
ranks 147th among the 175 sell signals for US stocks in our ranking, with a signal strength of 3 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
CSX belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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