CSX Stock Forecast - Price Action Indicator
| CSX Stock | USD 33.52 0.41 1.21% |
CSX Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CSX stock prices and determine the direction of CSX Corporation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CSX's historical fundamentals, such as revenue growth or operating cash flow patterns. Although CSX's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CSX's systematic risk associated with finding meaningful patterns of CSX fundamentals over time.
Check out Historical Fundamental Analysis of CSX to cross-verify your projections. CSX |
Open Interest Against 2024-05-17 CSX Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast CSX's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in CSX's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for CSX stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current CSX's open interest, investors have to compare it to CSX's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of CSX is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in CSX. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in CSX cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the CSX's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CSX's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| 0.49 | (0.64) |
| Check CSX Volatility | Backtest CSX | Trend Details |
CSX Trading Date Momentum
| On February 26 2024 CSX Corporation was traded for 38.06 at the closing time. Highest CSX's price during the trading hours was 38.70 and the lowest price during the day was 38.06 . The net volume was 13.4 M. The overall trading history on the 26th of February contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.39% . The overall trading delta to current price is 0.97% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare CSX to competition |
Other Forecasting Options for CSX
For every potential investor in CSX, whether a beginner or expert, CSX's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CSX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CSX. Basic forecasting techniques help filter out the noise by identifying CSX's price trends.CSX Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CSX stock to make a market-neutral strategy. Peer analysis of CSX could also be used in its relative valuation, which is a method of valuing CSX by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CSX Corporation Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of CSX's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of CSX's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CSX Market Strength Events
Market strength indicators help investors to evaluate how CSX stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CSX shares will generate the highest return on investment. By undertsting and applying CSX stock market strength indicators, traders can identify CSX Corporation entry and exit signals to maximize returns.
| Accumulation Distribution | 113809.0 | |||
| Daily Balance Of Power | (0.87) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 33.71 | |||
| Day Typical Price | 33.64 | |||
| Price Action Indicator | (0.39) | |||
| Period Momentum Indicator | (0.41) | |||
| Relative Strength Index | 44.74 |
CSX Risk Indicators
The analysis of CSX's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in CSX's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting csx stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.7698 | |||
| Standard Deviation | 1.0 | |||
| Variance | 1.0 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| C | Citigroup | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Check out Historical Fundamental Analysis of CSX to cross-verify your projections. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for CSX Stock analysis
When running CSX's price analysis, check to measure CSX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CSX is operating at the current time. Most of CSX's value examination focuses on studying past and present price action to predict the probability of CSX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSX's price. Additionally, you may evaluate how the addition of CSX to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
Is CSX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CSX. If investors know CSX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CSX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 0.45 | Earnings Share 1.83 | Revenue Per Share 7.375 | Quarterly Revenue Growth (0.01) |
The market value of CSX Corporation is measured differently than its book value, which is the value of CSX that is recorded on the company's balance sheet. Investors also form their own opinion of CSX's value that differs from its market value or its book value, called intrinsic value, which is CSX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CSX's market value can be influenced by many factors that don't directly affect CSX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CSX's value and its price as these two are different measures arrived at by different means. Investors typically determine if CSX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CSX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.