The Dow Jones Transportation Average set a 52-week low on Monday, dragged even lower by the bear market in crude oil. There are 20 components of the transportation average; the five that also set 52-week lows are Avis Budget (CAR) , Kansas City Southern (KSU) , Kirby (KEX) , Landstar Systems (LSTR) and Ryder System (R) .

Trucks and rails are weaker on reduced shipping of energy-related products and equipment, which is hurting railroad Kansas City Southern and trucker Landstar. And lower energy prices are also dragging down Kirby's bulk barge business. A slowdown in car and truck rentals has Avis and Ryder traveling well below the speed limit. Plus, there is reduced demand for logistics services, which are a part of the businesses of Landstar and Ryder.

Here's the daily chart for Dow Transports.


Courtesy of MetaStock Xenith

The Dow Jones Transportation Average closed Monday at 7,489.64, down 3.8% so far in the fourth quarter and down 18.1% year to date. Monday's low of 7,406.25 was a 52-week low. At that low, the average was in bear market territory, down 20.5% from the all-time high of 9,310.33, set on Nov. 28, 2014.

Transports have been under a "death cross" since May 26, when the index closed at 8,350.50. A "death cross" occurs when the 50-day simple moving average declines below the 200-day simple moving average, indicating that lower prices lie ahead. Today the 50-day and 200-day simple moving averages are 8,085.78 and 8,323.65, respectively.

Here's the weekly chart for Dow Transports.


Courtesy of MetaStock Xenith

The weekly chart is negative, with the index below its key weekly moving average of 7.898.63, indicating risk to the 200-week simple moving average of 7,075,89. That average was last tested during the week of Oct. 7, 2011, when the average was 4,323.76.

The weekly momentum reading is projected to decline to 47.86 this week, down from 62.85 on Dec. 11. Momentum scales from 00.00 to 100.00, with a reading below 20.00 oversold and a reading above 80.00 overbought. A rising reading above 20.0 is positive, while a declining reading below 80.00 is negative. This study is shown in red along the bottom of the chart.

The horizontal lines are the Fibonacci Retracements of the rise from its 2009 low of 2,134 to the all-time high. Last week's close was below the 23.6% retracement of 7,612.82, indicating risk to the 200-week simple moving average. The 38.2% retracement is 6,564.48.

Dow Transports are below my key monthly level of 7,556, with a key annual level of 7,289.

Here's a Scorecard for the five transportation laggards.

 

Here's the weekly chart for Avis Budget.


Courtesy of MetaStock Xenith

Avis Budget has a negative but oversold weekly chart, with the stock below its key weekly moving average of $39.05, and below its 200-week simple moving average of $38.14. The stock is in bear market territory, 52.6% below its all-time high, as shown in the scorecard above.

Investors looking to buy Avis should place a good-till-canceled limit order to buy the stock if it drops to $32.98 and $31.03, which are key levels on technical charts until the end of 2015. Note that Monday's low of $32.78 tested the top of this range of levels.

Here's the weekly chart for Kansas City Southern.


Courtesy of MetaStock Xenith

Kansas City Southern has a negative weekly chart, with the stock below its key weekly moving average of $83.55 and below its 200-week simple moving average of $98.88. The stock is in bear market territory, 41.4% below its all-time high as shown in the scorecard above.

Investors looking to buy Kansas City Southern should place a good-till-canceled limit order to buy the stock if it drops to $71.44, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for Kirby.


Courtesy of MetaStock Xenith

Kirby has a negative weekly chart, with the stock below its key weekly moving average of $60.89 and below its 200-week simple moving average of $80.46. The stock is in bear market territory, 56.1% below its all-time high.

Investors looking to buy Kirby should place a good-till-canceled limit order to buy the stock if it drops to $52.16, which is a key level on technical charts until the end of this week.

Here's the weekly chart for Landstar.


Courtesy of MetaStock Xenith

Landstar has a negative but oversold weekly chart. The stock is below its key weekly moving average of $60.34 and below its 200-week simple moving average of $59.07. The stock is in bear market territory, 31.7% below its all-time high.

Investors looking to buy Landstar should place a good-till-canceled limit order to buy the stock if it drops to $52.62, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for Ryder System.


Courtesy of MetaStock Xenith

Ryder has a negative but oversold weekly chart. The stock is below its key weekly moving average of $63.98 and below its 200-week simple moving average of $69.52. The stock is in bear market territory, 45.2% below its all-time high.

Investors looking to buy Ryder should place a good-till-canceled limit order to buy the stock if it drops to $51.52, which is a key level on technical charts until the end of 2015.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.