CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CNM • US21874C1027
We assign a technical rating of 5 out of 10 to CNM. In the last year, CNM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month CNM has a been trading in the 52.46 - 59.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CNM has an average volume of 2357500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, CNM turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- CNM is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry, CNM did better than 48% of them.
- CNM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNM is lagging the market.
Although the technical rating is only medium, CNM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.49, a Stop Loss order could be placed below this zone.
More info and screens
45.68
We found 3 important support areas.
- A support zone ranging from 53.35 to 53.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.98 from a trend line in the weekly time frame.
- Support @46.14 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.43 to 59.10. 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 | NEUTRAL | NEUTRAL | The short term trend for CNM is neutral. |
| ChartMill Relative Strength | 53.87 | NEUTRAL | CNM is not amongst the best or worst performers 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) | 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) | 50 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests CNM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.8 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for CNM suggests a weak or negative trend. |
55.25
+0.65 (+1.19%)
CORE & MAIN INC-CLASS A / CNM FAQ
What is the technical rating for CNM stock?
ChartMill assigns a technical rating of 5 / 10 to CNM.
What is the trend direction for CNM stock?
The current trend direction for CORE & MAIN INC-CLASS A (CNM) is Bearish.
What is the RSI signal for CORE & MAIN INC-CLASS A (CNM) stock?
CORE & MAIN INC-CLASS A (CNM) has an RSI value of 49.9996. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CORE & MAIN INC-CLASS A?
The MACD indicator for CORE & MAIN INC-CLASS A (CNM) has a value of -0.493062, indicating a bearish trend.
What is the short term momentum for CNM stock?
The short term momentum for CORE & MAIN INC-CLASS A (CNM) is neutral.