
Technical analysis of Norfolk Southern Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Norfolk Southern Corporation is a rail transportation company that operates in the United States, carrying raw materials, intermediate products, and finished goods. The company transports freight in the agricultural, chemical, metals, automotive, and coal sectors, and also operates an intermodal network through various Atlantic and Gulf Coast ports.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 16, 2026, computed on the last 12 months of prices.
21 sessions
316.08 $
+3.43%
50 sessions
327.18 $
−0.08%
200 sessions
311.18 $
+5.06%
s2
318.85
Support
s1
321.84
Support
pivot
325.52
Pivot
r1
328.51
Resistance
r2
332.19
Resistance
In the October 16, 2026 session Norfolk Southern Corporation closed higher at 326.92 $, +0.64% versus the previous session.
The price sits mixed against its moving averages: +3.43% against the 21-session average, −0.08% against the 50 and +5.06% against the 200.
The 14-period RSI reads 60.9, in neutral territory.
MACD stands at -0.166 against a signal line at -2.338: the histogram is positive (+2.172).
ADX reads 28.1, indicating a marked directionality.
Levels computed on the latest session place supports at 321.84 and 318.85 $ and resistances at 328.51 and 332.19 $, around a pivot of 325.52.
The average daily range (ATR) is 5.021 $, or 1.54% of price.
Turnover was 745.5K shares, 98% of the 20-session average.
Over the last twelve months the price ranged between 296.28 and 357.18 $, and today stands −8.47% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Norfolk Southern Corporation analysed technically?
Technical analysis of Norfolk Southern Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Norfolk Southern Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Norfolk Southern Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Norfolk Southern Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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