CORE NATURAL RESOURCES INC (CNR) Stock Technical Analysis
NYSE:CNR • US2189371006
We assign a technical rating of 3 out of 10 to CNR. CNR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month CNR has a been trading in the 85.44 - 101.55 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, CNR turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- CNR is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, CNR did better than 48% of them.
- CNR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNR is lagging the market.
Although the technical rating is bad, CNR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 87.93, a Stop Loss order could be placed below this zone.
More info and screens
74.16
We found 4 important support areas.
- A support zone ranging from 86.61 to 87.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 83.48 to 84.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.94 from a trend line in the weekly time frame.
- Support @74.91 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @88.03 from a horizontal line in the daily time frame.
- A resistance zone ranging from 90.15 to 92.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @94.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 99.21 to 100.19. 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 | UP | POSITIVE | The long term trend for CNR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNR is down. |
| ChartMill Relative Strength | 67.11 | NEUTRAL | CNR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNR is below the rising 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) | 43.96 | NEUTRAL | The RSI value for CNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests CNR has a negative trend. |
| Stochastics (14,3) | 31.13 | NEUTRAL | The Stochastics value for CNR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for CNR suggests high volalility. |
| Average Directional Index/ADX (14) | 12.84 | NEGATIVE | The low ADX value for CNR suggests a weak or negative trend. |
87.94
-2.04 (-2.27%)
CORE NATURAL RESOURCES INC / CNR FAQ
What is the technical rating for CNR stock?
ChartMill assigns a technical rating of 3 / 10 to CNR.
What is the current trend direction of CORE NATURAL RESOURCES INC (CNR) stock?
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 43.9614. This indicates that the stock is currently neutral.
What is the MACD signal for CNR stock?
The MACD indicator for CORE NATURAL RESOURCES INC (CNR) has a value of -0.625145, indicating a bearish trend.
Can you provide the buy/sell signal for CORE NATURAL RESOURCES INC?
The buy/sell signal for CORE NATURAL RESOURCES INC (CNR) is hold as the short term and long term trends are mixed.