CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
USA - NYSE:CNM - US21874C1027 - Common Stock
We assign a technical rating of 1 out of 10 to CNM. CNM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CNM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 50.75, a Stop Loss order could be placed below this zone.
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47.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.19 to 50.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.15 to 48.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.77 to 52.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 53.83 to 54.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @65.77 from a horizontal line in the daily time frame.
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 | 37.75 | NEUTRAL | CNM is not amongst the best or worst performers 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) | 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) | 41 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CNM has a negative trend. |
| Stochastics (14,3) | 17.68 | OVERSOLD | The low Stochastics value suggests CNM may be oversold. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for CNM suggests a weak or negative trend. |
50.86
-0.04 (-0.08%)
CORE & MAIN INC-CLASS A / CNM FAQ
What is the technical rating for CNM stock?
ChartMill assigns a technical rating of 1 / 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 40.9996. 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 -0.119168, 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 negative.