CONE MIDSTREAM PARTNERS LP (CNNX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNNX - US2068121092
Taking everything into account, CNNX scores 2 out of 10 in our technical rating. In the past year, CNNX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CNNX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.07, a Stop Loss order could be placed below this zone.
More info and screens
15.42
We found 3 important support areas.
- A support zone ranging from 16.74 to 17.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.84 from a horizontal line in the weekly time frame.
- Support @15.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.23 to 17.35. 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 CNNX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNNX is neutral. |
| ChartMill Relative Strength | 19.27 | NEGATIVE | CNNX has a low relative strength, it was outperformed by 80.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.53 | NEUTRAL | The RSI value for CNNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNNX has a positive trend. |
| Stochastics (14,3) | 37.47 | NEUTRAL | The Stochastics value for CNNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNX suggests some volalility. |
NYSE:CNNX (1/3/2018, 8:30:34 PM)
17.15
+0.06 (+0.35%)
CONE MIDSTREAM PARTNERS LP / CNNX FAQ
What is the ChartMill technical rating of CONE MIDSTREAM PARTNERS LP (CNNX) stock?
ChartMill assigns a technical rating of 2 / 10 to CNNX.
Can you provide the trend direction for CONE MIDSTREAM PARTNERS LP?
The current trend direction for CONE MIDSTREAM PARTNERS LP (CNNX) is Bearish.
Can you provide the RSI signal for CONE MIDSTREAM PARTNERS LP?
CONE MIDSTREAM PARTNERS LP (CNNX) has an RSI value of 55.5316. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONE MIDSTREAM PARTNERS LP?
The MACD indicator for CONE MIDSTREAM PARTNERS LP (CNNX) has a value of 0.00679067, indicating a bearish trend.