Trading (CSX) With Integrated Risk Controls
November 09, 2024, 16:42 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CSX
- Buy CSX near 34.03 target 36.52 stop loss @ 33.93 Details
The technical summary data tells us to buy CSX near 34.03 with an upside target of 36.52. This data also tells us to set a stop loss @ 33.93 to protect against excessive loss in case the stock begins to move against the trade. 34.03 is the first level of support below 36 , and by rule, any test of support is a buy signal. In this case, support 34.03 is being tested, a buy signal would exist.
- Short CSX slightly under 36.52, target 34.03, stop loss @ 36.63 Details
The technical summary data is suggesting a short of CSX as it gets near 36.52 with a downside target of 34.03. We should have a stop loss in place at 36.63though. 36.52 is the first level of resistance above 36, and by rule, any test of resistance is a short signal. In this case, if resistance 36.52 is being tested, a short signal would exist.
Swing Trading Plans for CSX
- Buy CSX slightly over 36.18, target 36.52, Stop Loss @ 36.08 Details
If 36.18 begins to break higher, the technical summary data tells us to buy CSX just slightly over 36.18, with an upside target of 36.52. The data also tells us to set a stop loss @ 36.08 in case the stock turns against the trade. 36.18 is the first level of resistance above 36, and by rule, any break above resistance is a buy signal. In this case, 36.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CSX slightly near 36.18, target 34.46, Stop Loss @ 36.28. Details
The technical summary data is suggesting a short of CSX if it tests 36.18 with a downside target of 34.46. We should have a stop loss in place at 36.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CSX
- Buy CSX slightly over 36.18, target 36.52, Stop Loss @ 36.1 Details
If 36.18 begins to break higher, the technical summary data tells us to buy CSX just slightly over 36.18, with an upside target of 36.52. The data also tells us to set a stop loss @ 36.1 in case the stock turns against the trade. 36.18 is the first level of resistance above 36, and by rule, any break above resistance is a buy signal. In this case, 36.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CSX slightly near 36.18, target 35.52, Stop Loss @ 36.26. Details
The technical summary data is suggesting a short of CSX if it tests 36.18 with a downside target of 35.52. We should have a stop loss in place at 36.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Csx Corporation (CSX) available here: CSX.
CSX Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
31.63 |
| P2 |
35.52 |
34.46 |
34.03 |
| P3 |
37.33 |
36.18 |
36.52 |
AI Generated Signals for CSX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CSX:
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