CSX stock: buy or sell

CSX stock price: $102.69 4.31% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021


CSX stock brief

  • After making all-time highs on Wednesday, CSX closed at $102.69 skyrocketing a 4.31%
  • On Tuesday, CSX posted its Q1 financial report
  • The price is currently above the upper Bollinger band, which usually indicates a short-term correction
  • BMO Capital Markets, Deutsche Bank Aktiengesellschaft, Raymond James and Royal Bank of Canada published buy ratings for CSX on Wednesday, with an average forecast of $109.00
  • CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services.

Should I buy CSX stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

In the current situation of CSX there is not any eligible buy setup. This doesn't mean we expect a selloff for $CSX in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell CSX stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our personal moods or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for shorting $CSX stock

As a golden rule, you should not keep a trade that produces higher than expected losses upon purchase. When to sell shares must always be determined 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 hold CSX stock and your operation is in profit probably is not time to sell now

CSX ratings

In the last 30 days, 6 analyst ratings were published for CSX. General sentiment is bullish, with 4 out of 6 posting positive forecasts

CSX analysts' ratings - Last month
Brokerage firmRating
Mar 26th, 2021
Vertical Research Neutral
Apr 15th, 2021
Raymond James Buy
Apr 21st, 2021
BMO Capital Markets
Deutsche Bank Aktiengesellschaft Strong buy
Raymond James Buy
Royal Bank of Canada Buy

CSX stock analysis

$CSX at new Highs

On Wednesday, CSX reached all-time highs (ATH) again at $103.36. Stock smashed new all-time highs 3 times in the last 10 sessions

SMAs overview

CSX stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current support levels are:

  • S1: $97.25 (-5.30% below)
  • S2: $93.63 (-8.82% below)
  • S3: $93.17 (-9.27% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart proves that they are fairly narrow (less than 5%), which clearly indicates that price volatility is low. The compression of the Bollinger bands is generally a sign of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders correctly

    CSX stock Bollinger Bands chart

    Relative strength index

    Broke through the 70 level Wednesday, with a value of 72.31. Contrary to what many investors may think, the fact that the value is in the overbought zone does not in any way imply a sell point, as stocks can climb during several weeks being in the overbought zone

    CSX stock RSI chart

    CSX stock price history

    CSX started trading priced at an adjusted price1 of $0.40 on Nov 1980. Since then, CSX stock has risen by 25,572.50%, with an average of 639.31% per year. An investment of $1,000USD on Nov 1980 would worth $256,725.00 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    CSX stock price history chart

    Price target for CSX stock

    Nobody can predict how much a share will be priced in the future. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial data by the company, and many times. If you are a small investor you must not buy or sell based on these forecasts.

    The average price target for CSX stock calculated from the table below is $108.20. That is a 5.37% than the current price ($102.69).

    CSX stock price predictions
    Brokerage firmPrice target
    Mar 26th, 2021
    Vertical Research Not available
    Apr 15th, 2021
    Raymond James $100.00$105.00
    Apr 21st, 2021
    BMO Capital Markets $95.00$110.00
    Deutsche Bank Aktiengesellschaft $105.00$113.00
    Raymond James $100.00$105.00
    Royal Bank of Canada $100.00$108.00

    Earnings and financials

    CSX ($CSX) had the shareholders call and released the report on Tuesday. CSX presented earnings of $0.93 per share on sales of $2.8 billion. The analysts estimate was $0.95 per share on revenue of $2.8 billion.

    Compared to the same quarter last year, EPS was $1.00, so reported EPS means a decrease of -7.00%. Sales just moved on an annualized basis in the , from $28.9B to $28.3B last quarter.

    CSX ($CSX) will host the earnings call next July. Expected for this quarter is $1.09, compared to $0.93 that was reported for Q1.

    CSX performance

    CSX performance compared
    CSX ($CSX) 9.90% 11.20% 30.30%

    Important note:
    The opinions expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the individual circumstances of the reader, his or her own 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 Opinions are expressed for education reasons only

    CSX summary

    Wednesday, April 21st, 2021
    Day range$98.77 - $103.36
    Previous close$98.45
    Session gain4.31%
    Average true range$1.65
    50d mov avg$93.83
    100d mov avg$91.97
    200d mov avg$84.59
    Earnings dateJuly 21st, 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 received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 1 neutral.

    Will CSX go up?

    CSX had different price predictions published by analysts in the last 4 weeks forecasting the target price to $108.20. That is a 5.37% than the last price ($102.69).