CSX stock: buy or sell
Jul 29th, 2021
CSX stock brief
- CSX stock sliced -1.45% to close at $31.91 on the stock market on Wednesday, and broke a streak of 5 sessions in green.
- From the chart point view, price is drawing an scaled downtrend since last May with lower tops and lower bottoms. this downtrend marked a -8.46% loss(from its highs at $34.86).
- CSX presented its financial report on July 21
- CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services.
Should I buy CSX stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CSX stock a buy?
Currently, CSX stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CSX in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell CSX stock?
"To sell or not to sell", if you are holding CSX shares?. Like when we have to buy shares, determining when is appropiate time to sell is not a random decision, and we must adhere our own trading strategy. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares in your porfolio, not for selling short $CSX stock
As a rule of thumb, you should never keep a trading operation that produces higher than expected losses at the time of purchase. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell CSX stock?
Currently, CSX stock doesn't match any of our preferred sell setups, so if you own CSX stock and your operation is in profit probably is not time to sell now
We don't have any rating posted in the last month for CSX
CSX stock analysis
From a technical standpoint, CSX continues in downtrend since last May, and has lost a -8.46%. The stock plotted 3 consecutive lower tops.
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on July 19, the price rebounded by 4.14%
Relative strength index
The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really being helpful in making any decisions.
CSX stock price history
CSX started trading priced at an adjusted price1 of $0.13 on Nov 1980. Since then, CSX stock has risen by 24,446.15%, with an average of 611.15% per year. If you had invested $1,000USD in CSX stock at that time, it would worth $245,461.54 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CSX stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts released by analysts in the last month. Again, these estimates are not direct recommendations for small investors and should not be trusted blindly.
We don't have any target price posted in the last month for CSX.
Earnings and financials
CSX ($CSX) hosted the quarterly financial call and released the report on July 21. CSX topped market estimates and presented of $0.40, that is a 8.11% surprise versus the initial predictions of $0.37. On the other hand, reported sales of $3.0 billion were in line with market forecasts.Compared to the same quarter last year, EPS was $0.22, so reported EPS means a gain of 81.82%. Sales skyrocketed a 32.59% on an annualized basis in the , from $22.6B to $29.9B last quarter.
CSX ($CSX) is releasing earnings report next October. Market analysts analysts estimate of $0.39, that is a 2.50% less than Q2.
CSX is classified inside the Railroads industry, where it has industry peers.
CSX major competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Union Pacific ($UNP)||$141.2B||Neutral||0|
|Norfolk Southern ($NSC)||$68.7B||Neutral||0|
|Kansas City Southern ($KSU)||$19.1B||Neutral||0|
1 In the last 30 days.
To better understand CSX performance you must compare its gains with other related stocks in same sector or industry.. For CSX, the benchmark is made against Union Pacific, Norfolk Southern and Kansas City Southern.
|Union Pacific ($UNP)||-1.50%||-2.90%||12.30%|
|Norfolk Southern ($NSC)||-1.40%||-6.30%||13.10%|
|Kansas City Southern ($KSU)||-8.70%||-12.50%||26.20%|
Disclaimer:The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the specific positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational motives only
|Wednesday, July 28th, 2021|
|Day range||$31.85 - $32.46|
|Average true range||$0.89|
|50d mov avg||$32.33|
|100d mov avg||$32.44|
|200d mov avg||$30.90|
|Earnings date||October 19th, 2021|