CNX RESOURCES CORP (CNX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
We assign a technical rating of 9 out of 10 to CNX. 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.
Although CNX has an excellent technical rating, it 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.
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27.85
7 important support areas can be observed.
- A support zone ranging from 38.48 to 38.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.52 from a trend line in the daily time frame.
- Support @31.96 from a horizontal line in the daily time frame.
- Support @30.85 from a trend line in the weekly time frame.
- Support @29.70 from a trend line in the weekly time frame.
- A support zone ranging from 28.90 to 28.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.91 to 40.98. 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 | 80.95 | POSITIVE | CNX has a high relative strength, it outperformed 80.95% 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 | POSITIVE | The current price of CNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.71 | NEUTRAL | The RSI value for CNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CNX has a negative trend. |
| Stochastics (14,3) | 44.78 | NEUTRAL | The Stochastics value for CNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX suggests some volalility. |
| Average Directional Index/ADX (14) | 50.63 | POSITIVE | The high ADX value value for CNX suggests a strong trend. |
38.6
+0.11 (+0.29%)
CNX RESOURCES CORP / CNX FAQ
What is the ChartMill technical rating of CNX RESOURCES CORP (CNX) stock?
ChartMill assigns a technical rating of 9 / 10 to CNX.
What is the trend direction for CNX stock?
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 53.7092. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CNX RESOURCES CORP?
The MACD indicator for CNX RESOURCES CORP (CNX) has a value of -0.252975, indicating a bearish trend.
What is the support and resistance level for CNX stock?
CNX RESOURCES CORP (CNX) has a support level at 38.48 and a resistance level at 40.91. Check the full technical report for our detailed analysis of CNX support and resistance levels.