CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
NYSE:CNM - New York Stock Exchange, Inc. - US21874C1027 - Common Stock - Currency: USD
Overall CNM gets a technical rating of 6 out of 10. CNM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CNM is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry. CNM outperforms 78% of them.
CNM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CNM is performing more or less in line with the market.
CNM has an average volume of 2016470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CNM did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month CNM has a been trading in the 52.37 - 60.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CNM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
45.39
60.29
We found 3 important support areas.
- Support @55.60 from a horizontal line in the daily time frame.
- Support @49.11 from a trend line in the weekly time frame.
- A support zone ranging from 45.85 to 45.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 59.69 to 59.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CNM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNM is neutral. |
| ChartMill Relative Strength | 78.94 | POSITIVE | CNM has a high relative strength, it outperformed 78.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.06 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests CNM has a negative trend. |
| Stochastics (14,3) | 39.15 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for CNM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
56.15
+0.54 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.97%
1 Week-2.23%
2 Weeks-4.49%
1 Month4.89%
3 Month16.32%
6 Month11.1%
12 Month8.92%
2 Year79.16%
3 Year151.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%2.72%
ATR Inc-14.35%
Range Today1.65
ADR(20)1.37
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.94
Mansfield0.82
10 Day High60.38
10 Day Low55.15
20 Day High60.38
20 Day Low52.37
52 Week High60.38
52 Week Low37.22
CS1 End55.6
CR1 Start59.69
Volume & EV
DER(3)0.24%
DER(5)0.78%
Volume2.34M
Volume Incr-15.98%
Vol(5)2.09M
Vol(50)2.02M