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 0 out of 10 to CNM. CNM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CNM is bad and it also does not present a quality setup 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
43.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.64 to 46.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.28 to 44.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.83 to 54.64. 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 | DOWN | NEGATIVE | The long term trend for CNM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNM is neutral. |
| ChartMill Relative Strength | 17.03 | NEGATIVE | CNM has a low relative strength, it was outperformed by 82.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNM is above a declining 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) | 48.94 | NEUTRAL | The RSI value for CNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CNM has a positive trend. |
| Stochastics (14,3) | 59.06 | 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) | 30.04 | POSITIVE | The high ADX value value for CNM suggests a strong trend. |
48.63
+0.29 (+0.6%)
CORE & MAIN INC-CLASS A / CNM FAQ
What is the technical rating for CNM stock?
ChartMill assigns a technical rating of 0 / 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 48.9389. 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 0.308703, 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 neutral.