CNX RESOURCES CORP (CNX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CNX • US12653C1080
Overall CNX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CNX is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, CNX also shows a nice and consistent pattern of rising prices.
- CNX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 77% of 206 stocks in the same industry.
- CNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNX is lagging the market slightly.
- In the last month CNX has a been trading in the 34.20 - 40.34 range, which is quite wide. It is currently trading near the high of this range.
- CNX has an average volume of 2186590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNX has an excellent technical rating, but the quality of the setup is only medium 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
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4 important support areas can be observed.
- A support zone ranging from 35.59 to 35.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.49 to 34.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.88 from a trend line in the weekly time frame.
- Support @28.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.91 to 41.09. 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 | UP | POSITIVE | The short term trend for CNX is up. |
| ChartMill Relative Strength | 83.84 | POSITIVE | CNX has a high relative strength, it outperformed 83.84% 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) | UP | POSITIVE | The current price of CNX is above the rising 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) | 65.54 | NEUTRAL | The RSI value for CNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests CNX has a positive trend. |
| Stochastics (14,3) | 89.92 | OVERBOUGHT | The high Stochastics value suggests CNX may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for CNX suggests a weak or negative trend. |
40.27
+1.34 (+3.44%)
CNX RESOURCES CORP / CNX FAQ
What is the ChartMill technical rating of CNX RESOURCES CORP (CNX) stock?
ChartMill assigns a technical rating of 10 / 10 to CNX.
Can you provide the trend direction for CNX RESOURCES CORP?
The current trend direction for CNX RESOURCES CORP (CNX) is Bullish.
Can you provide the RSI signal for CNX RESOURCES CORP?
CNX RESOURCES CORP (CNX) has an RSI value of 65.5432. This indicates that the stock is currently neutral.
What is the MACD signal for CNX RESOURCES CORP (CNX) stock?
The MACD indicator for CNX RESOURCES CORP (CNX) has a value of 0.36282, indicating a bearish trend.
What is the short term momentum for CNX RESOURCES CORP (CNX) stock?
The short term momentum for CNX RESOURCES CORP (CNX) is positive.