NORFOLK SOUTHERN CORP (NSC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NSC - US6558441084 - Common Stock
Overall NSC gets a technical rating of 7 out of 10. In the last year, NSC was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, NSC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 289.63, a Stop Loss order could be placed below this zone.
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212.54
When analyzing the support we can see 4 important areas.
- A support zone ranging from 286.42 to 289.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @279.52 from a horizontal line in the daily time frame.
- A support zone ranging from 274.71 to 274.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @214.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 300.16 to 300.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NSC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NSC is neutral. |
| ChartMill Relative Strength | 77.13 | POSITIVE | NSC has a high relative strength, it outperformed 77.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NSC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NSC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NSC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.67 | NEUTRAL | The RSI value for NSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests NSC has a negative trend. |
| Stochastics (14,3) | 39.51 | NEUTRAL | The Stochastics value for NSC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for NSC suggests low volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for NSC suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 293.91 | 289.19 | 4.72 (1.61%) | 25.00% |
| An entry @293.91. This is a Buy Stop order right above the 10 day moving average. | An exit @289.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.72 points, which is 1.61%. | For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NSC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
291.41
-0.42 (-0.14%)
NORFOLK SOUTHERN CORP / NSC FAQ
What is the ChartMill technical rating of NORFOLK SOUTHERN CORP (NSC) stock?
ChartMill assigns a technical rating of 7 / 10 to NSC.
What is the trend direction for NSC stock?
The current trend direction for NORFOLK SOUTHERN CORP (NSC) is Bullish.
What is the RSI signal for NSC stock?
NORFOLK SOUTHERN CORP (NSC) has an RSI value of 50.6666. This indicates that the stock is currently neutral.
What are the support and resistance levels for NORFOLK SOUTHERN CORP (NSC) stock?
NORFOLK SOUTHERN CORP (NSC) has a support level at 289.63 and a resistance level at 300.16. Check the full technical report for our detailed analysis of NSC support and resistance levels.