CORE NATURAL RESOURCES INC (CNR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNR - US2189371006 - Common Stock
Overall CNR gets a technical rating of 6 out of 10. Although CNR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, CNR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 87.43, a Stop Loss order could be placed below this zone.
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74.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 84.64 to 87.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.88 from a trend line in the daily time frame.
- A support zone ranging from 74.91 to 78.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @96.48 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 CNR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CNR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.31 | NEUTRAL | The RSI value for CNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests CNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.23 | NEUTRAL | The Stochastics value for CNR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CNR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for CNR suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 96.49 | 84.63 | 11.86 (12.29%) | 8.14% |
| An entry @96.49. This is a Buy Stop order right above the resistance zone. | An exit @84.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.86 points, which is 12.29%. | For a 1.00% total portfolio risk, you can invest 8.14% of your capital in this trade. |
- 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.
89.55
+0.97 (+1.1%)
CORE NATURAL RESOURCES INC / CNR FAQ
What is the technical rating for CNR stock?
ChartMill assigns a technical rating of 6 / 10 to CNR.
Can you provide the trend direction for CORE NATURAL RESOURCES INC?
The current trend direction for CORE NATURAL RESOURCES INC (CNR) is Bullish.
What is the RSI signal for CORE NATURAL RESOURCES INC (CNR) stock?
CORE NATURAL RESOURCES INC (CNR) has an RSI value of 61.3062. This indicates that the stock is currently neutral.
What is the MACD signal for CORE NATURAL RESOURCES INC (CNR) stock?
The MACD indicator for CORE NATURAL RESOURCES INC (CNR) has a value of 0.54083, indicating a bearish trend.
What is the short term momentum for CORE NATURAL RESOURCES INC (CNR) stock?
The short term momentum for CORE NATURAL RESOURCES INC (CNR) is positive.