CORE & MAIN INC-CLASS A (CNM) Technical Analysis
NYSE:CNM • US21874C1027
Current stock price
CNM Technical Rating and Analysis
Overall CNM gets a technical rating of 0 out of 10. CNM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CNM is a bad performer in the overall market: 81% of all stocks are doing better.
- CNM is part of the Trading Companies & Distributors industry. There are 46 other stocks in this industry, of which 73% are performing better than CNM.
- CNM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CNM has a been trading in the 47.51 - 54.81 range, which is quite wide. It is currently trading near the lows of this range.
- CNM has an average volume of 2624090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNM Weekly and Daily overview Charts
CNM Setup Rating and Analysis
Although the technical rating is bad, CNM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 48.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
CNM Support and Resistance Analysis
45.18
2 important support areas can be observed.
- A support zone ranging from 48.30 to 48.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.64 to 46.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 50.69 to 51.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 53.77 to 53.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
CNM Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CNM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNM is down. |
| ChartMill Relative Strength | 19.65 | NEGATIVE | CNM has a low relative strength, it was outperformed by 80.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.6 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CNM has a negative trend. |
| Stochastics (14,3) | 11.22 | OVERSOLD | The low Stochastics value suggests CNM may be oversold. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for CNM suggests a weak or negative trend. |
CNM Chart- and CandleStick Pattern Analysis
CNM Technicals: Chart, Performance Metrics, Trend & Indicators
49.5
+0.55 (+1.12%)
CORE & MAIN INC-CLASS A / CNM TA FAQ
What is the technical rating for CNM stock?
ChartMill assigns a technical rating of 0 / 10 to CNM.
Can you provide the trend direction for CORE & MAIN INC-CLASS A?
The current trend direction for CORE & MAIN INC-CLASS A (CNM) is Bearish.
What is the RSI signal for CNM stock?
CORE & MAIN INC-CLASS A (CNM) has an RSI value of 43.6032. This indicates that the stock is currently neutral.
What is the MACD signal for CORE & MAIN INC-CLASS A (CNM) stock?
The MACD indicator for CORE & MAIN INC-CLASS A (CNM) has a value of -0.227337, indicating a bearish trend.
What are the support and resistance levels for CORE & MAIN INC-CLASS A (CNM) stock?
CORE & MAIN INC-CLASS A (CNM) has a support level at 48.32 and a resistance level at 50.69. Check the full technical report for our detailed analysis of CNM support and resistance levels.