CORE & MAIN INC-CLASS A (CNM) Stock Technical Analysis
NYSE:CNM - New York Stock Exchange, Inc. - US21874C1027 - Common Stock - Currency: USD
Overall CNM gets a technical rating of 8 out of 10. Although CNM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
CNM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CNM has an average volume of 2001990 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 40% of them, which is more or less in line with the market.
CNM is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, CNM did better than 55% of them.
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.
Besides having an excellent technical rating, CNM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 53.29. Right above this resistance zone may be a good entry point.
More info and screens
44.73
60.76
We found 5 important support areas.
- A support zone ranging from 52.85 to 52.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.43 to 50.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @48.03 from a trend line in the weekly time frame.
- A support zone ranging from 45.95 to 46.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.18 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 53.29 to 54.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.78 from a horizontal line in the daily time frame.
- Resistance @57.27 from a horizontal line in the daily time frame.
- Resistance @60.16 from a horizontal line in the weekly 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 | 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 | 40.55 | NEUTRAL | CNM is not amongst the best or worst performers 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) | 54.32 | 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) | 64.36 | NEUTRAL | The Stochastics value for CNM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CNM suggests some volalility. |
| Average Directional Index/ADX (14) | 9.23 | 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 |
|---|---|---|---|
| 54.70 | 52.84 | 1.86 (3.40%) | 25.00% |
| An entry @54.70. This is a Buy Stop order right above the resistance zone. | An exit @52.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.86 points, which is 3.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- The distance between exit and entry is rather small compared to the average daily movement of CNM. Please evaluate whether better entry and exit points can be found.
- 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.
53.06
-0.17 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.32%
1 Week-1.99%
2 Weeks2.75%
1 Month1.01%
3 Month4.1%
6 Month17.21%
12 Month-11.79%
2 Year98.43%
3 Year124.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%2.6%
ATR Inc-40.38%
Range Today0.83
ADR(20)1.26
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.55
Mansfield0.54
10 Day High54.69
10 Day Low50.94
20 Day High54.69
20 Day Low49.93
52 Week High60.12
52 Week Low37.22
CS1 End52.86
CR1 Start53.29
Volume & EV
DER(3)-4.94%
DER(5)-2.15%
Volume920.80K
Volume Incr-3.15%
Vol(5)1.42M
Vol(50)2.00M