Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>NSC stock price trades above the major 20 and below 50-day daily moving averages and the volume trades below average.</a></li>
 <li><span>2</span> <a>Norfolk Southern Corporation (NYSE: NSC) stock’s 52-week price range is between $186 – $261.</a></li>
</ul>
<p>The NSC stock has a CMP of $200.98 and an intraday loss of 0.50%. The NSC stock’s average volume for the last 10 days is 1.157 Million and its current volume is 1.062 Million. The NSC stock has a float of 226.733 Million shares and a market cap of $45.626 Billion.&nbsp;</p>
<p>According to the Norfolk Southern Corporation (NYSE: NSC) stock price action that was displayed on its chart, the stock price started surging upwards from the $112 support level in March 2020. It reached a high of $299 in the first week of January 2022, by forming an uptrend.&nbsp;</p>
<p>However, this uptrend was disturbed as the NSC stock faced resistance and started to fall by making lower lows and highs as investors made profit booking over continuous multiple quarterly reports and dividends and faced resistance from a downward trendline. Conversely, the stock has shown recovery traits as the NSC price took support at $188 on the charts in the first week of October 2023.</p>
<p>Therefore, if the Norfolk Southern stock manages to gain strong buying momentum and surges above the previous swing high, it can shoot a rally upwards. The probable resistance levels are between $215 and $225.</p>
<p>Alternatively, if the NSC stock faces resistance again and continues to fall below and breaks below $189, it could fall up to $180.</p>
<h2 class="wp-block-heading" id="strong-nsc-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>NSC Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>At the time of publishing, the price of Norfolk Southern Corporation (NYSE: NSC) took support around $186 and rose upward and jumped 20 EMA. Therefore, if more buying volume assists the NSC price in surging upwards, the stock may surpass major rejecting levels and EMAs and may thrust for making new highs.&nbsp;</p>
<p>The MACD indicates a bullish cross and shows bullishness in NSC stock as the histogram width is broadening in the MACD tool. The RSI is at 51.34 as it took support on 14 SMA which is at 40.15. The indicators in the NSC stock show bullish signs on the charts.</p>
<p>In addition, the stock ratings for NSC stock are positive and highly recommended based on 28 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for NSC stock by 24 analysts range between $174.00 to $280.00.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh6.googleusercontent.com/2YtWNs5BggfbCTD1GlHosRyJ8OU5UCYSoIaC3bdYYJxiDj5gUbW5V-ZnXQN7ebEB8pOqGjpKqVc2Be0LS67t2VJQYVkyQytGqpT_RYUNBEaB_gCuzgiEljIoZSzPazHaYmNJgxD4DeHWdEfOzz8r6wk" alt="NSC Stock Forecast: By Year-End, Can (NYSE: NSC) Jump Above $300?">
  <figcaption class="wp-element-caption">
   Source: NSC.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/6FgSLzHOEJhimf9L4KapLZ2WKqSDhrVFXug-lDMKxy4C5olKYs6kGT14mRpZWvanIUd3iTuIUWfOv-JCexc0V4hqYkNazjV68JKiF27T4E7WxbP0zJnmOYzUYm3o5CIFXRU6z68E4yihqH2-HCA3_Gw" alt="NSC Stock Forecast: By Year-End, Can (NYSE: NSC) Jump Above $300?">
  <figcaption class="wp-element-caption">
   Source: NSC.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="strong-nsc-stock-price-financial-details-strong"><strong>NSC Stock Price Financial Details</strong></h2>
<p>The <a href="https://www.thecoinrepublic.com/2023/07/04/nsc-stock-nyse-nsc-rises-above-200-gaining-momentum/" rel="noopener noreferrer nofollow">NSC stock</a>‘s dividend yield for TTM is 2.63% and its last dividend payment was $1.35 per share. The last ex-dividend date was August 3rd, 2023 and its payout ratio is 46.58%. A low dividend payout ratio indicates that the NSC is confident in its future prospects and has enough cash flow to reinvest in its business.&nbsp;</p>
<p>Also, NSC’s dividend payments are covered by earnings and cash flows, which is a positive sign for its dividend safety and sustainability.</p>
<p>Even though investors have made a lot of profit from the NSC stock, the dividend amount has shown that the company is financially and fundamentally healthy, as it has increased from $2.44 to $4.96 in the past six years.</p>
<p>The NSC stock’s latest quarterly earnings report for the period ending July 2023, displayed a revenue of $2.98 Billion, with a net income of $356.00 Million, and a loss in profit margin from the last quarter of 11.95%. This quarter, the NSC reported that the revenue missed analysts’ estimates by $99.679 Million (3.24%).</p>
<p>Also, the NSC stock reported an EPS of $2.95 for the period ending June 2023, beating the analysts’ estimate of $3.107 by 5.05%. The next quarter’s revenue is estimated to be $2.951 Billion and the estimated EPS of $0.2.735. The report will be released on October 25th, 2023.</p>
<p>Furthermore, <a href="https://www.thecoinrepublic.com/2023/07/04/nsc-stock-nyse-nsc-rises-above-200-gaining-momentum/" rel="noopener noreferrer nofollow">NSC stock</a>‘s latest quarterly balance sheet for the period ending June 2023 reported total assets of $39.26 Billion and total liabilities of $26.62 Billion. The NSC debt-to-assets ratio is at 67.81%.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Norfolk Southern Corporation (NYSE: NSC) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Norfolk Southern stock price highlight upward signals and support bullishness.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $189 and $180</p>
<p><strong>Resistance Levels</strong>: $215 and $225</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

NSC Stock Forecast: By Year-End, Can (NYSE: NSC) Jump Above $300?

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Thecoinrepublic.com

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