CSX stock: buy or sell

CSX stock price: $31.91 -1.45% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

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

CSX ratings

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.

SMAs overview

CSX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $32.27 (1.13% above)
  • R2: $32.33 (1.32% above)
  • R3: $33.27 (4.26% above)
  • The current supports are:

  • S1: $31.12 (-2.48% below)
  • S2: $30.97 (-2.95% below)
  • S3: $30.64 (-3.98% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price rebounded by 4.14%

    CSX stock Bollinger Bands chart

    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 RSI chart

    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

    CSX stock price history chart

    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 competitors

    CSX is classified inside the Railroads industry, where it has industry peers.

    CSX major competitors are:

    CSX competitors
    CompanyMarket capRatingBullish ratings1
    CSX ($CSX) $73.4B
    Union Pacific ($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.

    CSX performance

    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.

    CSX performance compared
    Company1m3m6m
    CSX ($CSX) -1.30% -5.90% 12.80%
    Union Pacific ($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

    CSX summary

    Wednesday, July 28th, 2021
    Open$32.25
    Close$31.91
    Day range$31.85 - $32.46
    Previous close$32.38
    Session gain-1.45%
    Average true range$0.89
    50d mov avg$32.33
    100d mov avg$32.44
    200d mov avg$30.90
    Earnings dateOctober 19th, 2021

    Frequently asked questions

    What is CSX stock symbol?

    CSX Corporation is a public company trading in the US stock market with the CSX symbol

    Is CSX stock a buy or sell?

    CSX had no ratings in the last 30 days Read the article to get additional tips on trading CSX stock.

    Will CSX go up?

    There were no predictions published by market analysts in the last 30 days for CSX.