CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNM - US21874C1027 - Common Stock
Taking everything into account, CNM scores 6 out of 10 in our technical rating. In the past year, CNM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
CNM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 53.69, a Stop Loss order could be placed below this zone.
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44.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.79 to 53.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.14 to 46.37. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @44.53 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 53.76 to 54.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.14 from a trend line in the daily time frame.
- A resistance zone ranging from 56.10 to 56.80. 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 | NEUTRAL | NEUTRAL | The long term trend for CNM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNM is up. |
| ChartMill Relative Strength | 52.79 | NEUTRAL | CNM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNM is above 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 | MIXED | The current price of CNM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.39 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CNM has a negative trend. |
| Stochastics (14,3) | 55.48 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.81 | NEUTRAL | The ADX value for CNM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.11 | 52.83 | 1.28 (2.37%) | 25.00% |
| An entry @54.11. This is a Buy Stop order right above the resistance zone. | An exit @52.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.28 points, which is 2.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- The distance between exit and entry is rather small compared to the average daily movement of CNM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
53.7
-0.3 (-0.56%)
CORE & MAIN INC-CLASS A / CNM FAQ
What is the technical rating for CNM stock?
ChartMill assigns a technical rating of 6 / 10 to CNM.
What is the current trend direction of CORE & MAIN INC-CLASS A (CNM) stock?
The current trend direction for CORE & MAIN INC-CLASS A (CNM) is Bearish.
Can you provide the RSI signal for CORE & MAIN INC-CLASS A?
CORE & MAIN INC-CLASS A (CNM) has an RSI value of 56.3856. This indicates that the stock is currently neutral.
What is the MACD signal for CNM stock?
The MACD indicator for CORE & MAIN INC-CLASS A (CNM) has a value of -0.0280235, indicating a bearish trend.
Can you provide the short term momentum for CORE & MAIN INC-CLASS A?
The short term momentum for CORE & MAIN INC-CLASS A (CNM) is positive.