CONE MIDSTREAM PARTNERS LP (CNNX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CNNX • US2068121092
We assign a technical rating of 2 out of 10 to CNNX. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CNNX is a bad performer in the overall market: 81% of all stocks are doing better.
- CNNX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CNNX has a been trading in the 16.35 - 17.76 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.
Although the technical rating is bad, CNNX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
We found 1 important resistance 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.