CNX RESOURCES CORP (CNX) Stock Technical Analysis
NYSE:CNX - New York Stock Exchange, Inc. - US12653C1080 - Common Stock - Currency: USD
Overall CNX gets a technical rating of 7 out of 10. Although CNX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CNX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 78% of 211 stocks in the same industry.
CNX has an average volume of 2200120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CNX is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CNX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNX is lagging the market.
In the last month CNX has a been trading in the 30.78 - 35.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CNX has an excellent technical rating, the quality of the presented setup is not ideal 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
27.11
35.21
4 important support areas can be observed.
- Support @30.67 from a trend line in the weekly time frame.
- Support @29.77 from a trend line in the weekly time frame.
- A support zone ranging from 28.13 to 29.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.38 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.52 to 32.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 34.40 to 34.86. 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 CNX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNX is neutral. |
| ChartMill Relative Strength | 75.39 | POSITIVE | CNX has a high relative strength, it outperformed 75.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CNX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for CNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CNX has a negative trend. |
| Stochastics (14,3) | 39.48 | NEUTRAL | The Stochastics value for CNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for CNX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
32.41
+0.24 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.75%
1 Week-2.7%
2 Weeks-3.51%
1 Month1.6%
3 Month10.99%
6 Month-2.14%
12 Month32.12%
2 Year58.87%
3 Year87.67%
5 Year235.86%
10 Year96.19%
15 Year-13.53%
Volatility
ATR(14)1.01
ATR(20)%2.87%
ATR Inc27.33%
Range Today0.84
ADR(20)0.92
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.39
Mansfield-0.46
10 Day High35.05
10 Day Low31.96
20 Day High35.05
20 Day Low30.78
52 Week High41.93
52 Week Low23.85
CS1 End32.3
CR1 Start34.4
Volume & EV
DER(3)-0.88%
DER(5)-1.4%
Volume2.15M
Volume Incr-0.49%
Vol(5)2.11M
Vol(50)2.20M