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 5 out of 10. Although CNX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CNX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 85% of 213 stocks in the same industry.
In the last month CNX has a been trading in the 29.62 - 33.81 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
CNX has an average volume of 2371720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CNX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CNX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNX is lagging the market slightly.
CNX has an average technical rating and it also does not offer a high quality setup 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
33.39
We found 3 important support areas.
- Support @29.92 from a trend line in the weekly time frame.
- A support zone ranging from 28.13 to 28.90. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.44 to 32.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 33.06 to 33.06. 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 | NEUTRAL | NEUTRAL | The long term trend for CNX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNX is neutral. |
| ChartMill Relative Strength | 86.65 | POSITIVE | CNX has a high relative strength, it outperformed 86.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for CNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.36 | NEUTRAL | The Stochastics value for CNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.36 | NEGATIVE | The low ADX value for CNX suggests a weak or negative 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)
32.28
+0.96 (+3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.07%
1 Week3.43%
2 Weeks-1.91%
1 Month9.13%
3 Month11.7%
6 Month-20.34%
12 Month22.74%
2 Year108.93%
3 Year48.62%
5 Year216.78%
10 Year15.95%
15 Year-11.51%
Volatility
ATR(14)1.01
ATR(20)%2.98%
ATR Inc83.86%
Range Today2.86
ADR(20)0.92
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.65
Mansfield0.17
10 Day High33.81
10 Day Low30.95
20 Day High33.81
20 Day Low29.62
52 Week High41.93
52 Week Low23.63
CS1 End29.92
CR1 Start32.44
Volume & EV
DER(3)-2.24%
DER(5)-1.17%
Volume6.43M
Volume Incr11.48%
Vol(5)2.49M
Vol(50)2.37M