NORFOLK SOUTHERN

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NSC
ISIN:

NORFOLK SOUTHERN - Daily - Technical analysis published on 06/11/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 231.71 USD

My targets

218.95 USD (-2.68%)

212.85 USD (-5.40%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NORFOLK SOUTHERN as long as the price remains well below 231.71 USD. The sellers' bearish objective is set at 218.95 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 212.85 USD. In case of crossing, the next objective would be the support located at 203.97 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

5.2

Comment on the analysis

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.

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Additional analysis

Quotes

NORFOLK SOUTHERN rating 224.99 USD. The price registered a decrease of -0.05% on the session and was traded between 223.13 USD and 225.46 USD over the period. The price is currently at +0.83% from its lowest and -0.21% from its highest.

223.13

225.46

224.99

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NORFOLK SOUTHERN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	203.97	212.85	218.95	224.99	231.71	242.44	252.28
Change (%)	-9.34%	-5.40%	-2.68%	-	+2.99%	+7.76%	+12.13%
Change	-21.02	-12.14	-6.04	-	+6.72	+17.45	+27.29
Level	Minor	Intermediate	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	221.77	222.66	223.89	224.78	226.01	226.90	228.13
Camarilla	224.53	224.72	224.92	225.11	225.30	225.50	225.69
Woodie	221.93	222.75	224.05	224.87	226.17	226.99	228.29
Fibonacci	222.66	223.47	223.97	224.78	225.59	226.09	226.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	214.28	217.35	220.71	223.78	227.14	230.21	233.57
Camarilla	222.30	222.89	223.48	224.07	224.66	225.25	225.84
Woodie	214.43	217.42	220.86	223.85	227.29	230.28	233.72
Fibonacci	217.35	219.81	221.32	223.78	226.24	227.75	230.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	197.22	207.81	216.31	226.90	235.40	245.99	254.49
Camarilla	219.55	221.30	223.05	224.80	226.55	228.30	230.05
Woodie	196.17	207.29	215.26	226.38	234.35	245.47	253.44
Fibonacci	207.81	215.11	219.61	226.90	234.20	238.70	245.99

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.10
MACD (12,26,9):	-2.8700
Directional Movement:	-6.57
AROON (14):	-35.72
DEMA (21):	221.95
Parabolic SAR (0,02-0,02-0,2):	218.74
Elder Ray (13):	-0.58
Super Trend (3,10):	234.01
Zig ZAG (10):	224.92
VORTEX (21):	0.9500
Stochastique (14,3,5):	41.52
TEMA (21):	222.69
Williams %R (14):	-56.92
Chande Momentum Oscillator (20):	-1.35
Repulse (5,40,3):	1.3300
ROCnROLL:	-1
TRIX (15,9):	-0.2300
Courbe Coppock:	4.53

MA7:	223.94
MA20:	225.96
MA50:	234.16
MA100:	242.05
MAexp7:	224.34
MAexp20:	226.24
MAexp50:	232.20
MAexp100:	234.21
Price / MA7:	+0.47%
Price / MA20:	-0.43%
Price / MA50:	-3.92%
Price / MA100:	-7.05%
Price / MAexp7:	+0.29%
Price / MAexp20:	-0.55%
Price / MAexp50:	-3.11%
Price / MAexp100:	-3.94%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on NORFOLK SOUTHERN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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