CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNM - US21874C1027 - Common Stock
We assign a technical rating of 5 out of 10 to CNM. In the past year, CNM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- CNM has an average volume of 2445790 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 compared to the yearly performance of all other stocks, CNM outperforms 46% 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 51% of 50 stocks in the same industry.
- 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.
- In the last month CNM has a been trading in the 51.88 - 59.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNM has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
45.68
We found 2 important support areas.
- Support @51.96 from a horizontal line in the daily time frame.
- A support zone ranging from 46.14 to 46.86. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.59 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 | 46.76 | 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) | 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) | 48.65 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests CNM has a negative trend. |
| Stochastics (14,3) | 43.7 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.5 | NEGATIVE | The low ADX value for CNM suggests a weak or negative trend. |
55.2
+0.1 (+0.18%)
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 48.6495. 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 -0.30176, 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.