CORE & MAIN INC-CLASS A (CNM) Technical Analysis
NYSE:CNM • US21874C1027
Current stock price
CNM Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CNM. CNM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- In the last month CNM has a been trading in the 45.69 - 52.29 range, which is quite wide. It is currently trading near the high of this range.
- CNM has an average volume of 2428580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CNM outperforms 45% of them, which is more or less in line with the market.
- CNM is an average performer in the Trading Companies & Distributors industry, it outperforms 43% of 47 stocks in the same industry.
- CNM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNM is lagging the market slightly.
CNM Weekly and Daily overview Charts
CNM Setup Rating and Analysis
CNM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 47.94, a Stop Loss order could be placed below this zone.
More info and screens
CNM Support and Resistance Analysis
43.84
3 important support areas can be observed.
- A support zone ranging from 47.40 to 47.94. 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.
- Support @44.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @51.06 from a horizontal line in the daily time frame.
- Resistance @55.02 from a trend line in the daily time frame.
- Resistance @58.59 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for CNM is neutral. |
| ChartMill Relative Strength | 45.05 | NEUTRAL | CNM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNM is above 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) | 51.79 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests CNM has a positive trend. |
| Stochastics (14,3) | 79.84 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 31.1 | POSITIVE | The high ADX value value for CNM suggests a strong trend. |
CNM Chart- and CandleStick Pattern Analysis
CNM Technicals: Chart, Performance Metrics, Trend & Indicators
50.95
-0.1 (-0.2%)
CORE & MAIN INC-CLASS A / CNM TA FAQ
What is the technical rating for CNM stock?
ChartMill assigns a technical rating of 1 / 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 51.787. 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 0.488051, 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 47.94 and a resistance level at 51.06. Check the full technical report for our detailed analysis of CNM support and resistance levels.