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CSX Corporation Stock Forecast NYSE:CSX

$36.95 (-0.38%)

Volume: 11M

Closed: Dec 08, 2021

Hollow Logo Score: 2.237

CSX Corporation Stock Forecast

$36.95 (-0.38%)

Volume: 11M

Closed: Dec 08, 2021

Score Hollow Logo 2.237
Which way will CSX go? Request
Stop-loss: $35.87 (-2.92%)
Key Stats
P/E Ratio 23.18
Beta 1.02
Trailing Dividend Rate 1% ($0.37)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 61 and the stock is currently not being overbought or oversold

CSX Corporation stock downgraded to Buy Candidate
(Updated on Dec 08, 2021)


Buy candidate since 2021-12-02 Gain 3.88%

The CSX Corporation stock price fell by -0.38% on the last day (Wednesday, 8th Dec 2021) from $37.09 to $36.95. During the day the stock fluctuated 1.97% from a day low at $36.57 to a day high of $37.29. The price has been going up and down for this period, and there has been a 1.29% gain for the last 2 weeks. Volume has increased on the last day by 491 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately $407.98 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.95% during the next 3 months and, with a 90% probability hold a price between $43.40 and $46.47 at the end of this 3-month period.

Signals & Forecast

The CSX Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.90 and $35.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, December 07, 2021, and so far it has fallen -0.38%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

CSX Corporation finds support from accumulated volume at $35.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.72 between high and low, or 1.97%. For the last week the stock has had a daily average volatility of 2.46%.

Our recommended stop-loss: $35.87 (-2.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 days ago.)

Is CSX Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CSX Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.237

Predicted Opening Price for CSX Corporation of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$36.94 $36.95 (Overvalued)
Buy Candidate Downgraded

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Analyst Ratings

On Dec 02, 2021 "Morgan Stanley" gave "$22.00 - $26.00" rating for CSX. The price target was set to $35.37+2.7%.

Volatility and Risk
Daily Average Volatility: 2.46 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.46 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $37.09
Price: $36.95
Support: $35.69

CSX Insider Trading Show all Trades

INSIDER POWER

0.247

Last 100 transactions
Buy: 710 157 | Sell: 2 871 138 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Buy 95 Boychuk Jamie J. Phantom Stock
Nov 01, 2021 Buy 91 Boychuk Jamie J. Phantom Stock
Oct 22, 2021 Sell 17 793 Goldman Nathan D Option
Oct 22, 2021 Sell 40 000 Goldman Nathan D Common Stock
Oct 22, 2021 Sell 17 793 Goldman Nathan D Common Stock
Show all Insider Trades
INSIDER POWER

0.247

Last 100 transactions
Buy: 710 157 | Sell: 2 871 138 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 37.66 1.91 %
37.38 1.17 %
37.21 0.71 %
Current price: 36.95
Support 36.66 -0.78 %
36.49 -1.24 %
36.22 -1.98 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
37.09 0.38 %
Current price 36.95
Support 35.69 -3.41%
35.57 -3.73%
30.50 -17.46%

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About CSX Corporation

CSX CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural products, phosphates and fertilizers, food and consumer products, chemicals, automotive products, metals, forest products, minerals, and waste and equipment; and coal, coke, and iron ore to electricity-gen... Read more

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