CSX rebound breaks a three-week decline
CSX rises 2.9%, defying a weak Industrial sector this week
Our view last week
CSX's bounce stalls for a second straight week: after last week's recovery the stock closes almost flat, while money flow cools off and sellers regain a slight edge on the latest weekly bar. In this week's CSX stock technical analysis, the price stays boxed between the 49.7 area and the 50.3 area, with ADX still climbing above 41 — the trend holds its pace even as the pattern slows. CSX shares sit a step from their recent high, with the trade up close to 19% from entry.
This week's summary
After three straight weeks lower, CSX shares flip together: price, RSI and volume all turn up in the same week, with 90% of trading on the buy side and ADX in its eighth straight week climbing, now at 42.8. The bounce comes as the broader Industrial sector sheds 3.4%: CSX is running against the grain. In this week's CSX stock technical analysis, the trade has been under management for 19 weeks, now more than 22% in the money since entry.
IQS Phase
69
in tension
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#109 / 167
US stocks in progress
Trade P&L %
+22.14%
from signal to date, no stop loss
Rank position
ranks 109th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
CSX belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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