CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
NYSE:CNM - US21874C1027 - Common Stock
64.72 USD
-0.45 (-0.69%)
64.72 USD
0 (0%)
Overall CNM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CNM is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, CNM also shows a nice and consistent pattern of rising prices.
CNM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CNM has an average volume of 1833750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNM is an average performer in the Trading Companies & Distributors industry, it outperforms 69% of 50 stocks in the same industry.
In the last month CNM has a been trading in a tight range between 62.56 and 66.27.
CNM has an excellent technical rating and also presents 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.
More info and screens
49.45
66.43
When analyzing the support we can see 3 important areas.
- Support @60.09 from a horizontal line in the daily time frame.
- Support @51.80 from a trend line in the weekly time frame.
- Support @49.95 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.83 to 65.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for CNM is up. |
| ChartMill Relative Strength | 84.29 | POSITIVE | CNM has a high relative strength, it outperformed 84.29% off all stocks 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 | POSITIVE | The current price of CNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CNM has a negative trend. |
| Stochastics (14,3) | 65.34 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for CNM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.37 | 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)
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 |
|---|---|---|---|
| 65.78 | 63.59 | 2.20 (3.34%) | 25.00% |
| An entry @65.78. This is a Buy Stop order right above the resistance zone. | An exit @63.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.20 points, which is 3.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- 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.
64.72
-0.45 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.69%
1 Week-1.18%
2 Weeks0.94%
1 Month3.25%
3 Month18.08%
6 Month26.88%
12 Month34.75%
2 Year97.08%
3 Year174.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%1.97%
ATR Inc-18.08%
Range Today1.06
ADR(20)1.22
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.29
Mansfield1.33
10 Day High66.27
10 Day Low63.6
20 Day High66.27
20 Day Low62.56
52 Week High66.27
52 Week Low37.22
CS1 End60.09
CR1 Start64.83
Volume & EV
DER(3)1.32%
DER(5)-0.33%
Volume2.77M
Volume Incr-19.31%
Vol(5)1.39M
Vol(50)1.83M