CNX RESOURCES CORP (CNX) Technical Analysis
NYSE:CNX • US12653C1080
Overall CNX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by CNX, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CNX is leading the market.
- In the last month CNX has a been trading in the 37.31 - 43.62 range, which is quite wide. It is currently trading near the high of this range.
- CNX has an average volume of 2259460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CNX did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- CNX is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, CNX did better than 44% of them.
CNX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.89, a Stop Loss order could be placed below this zone.
More info and screens
28.61
We found 4 important support areas.
- A support zone ranging from 38.24 to 38.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.68 to 37.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.22 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.
- Resistance @41.79 from a horizontal line in the weekly time frame.
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 | 81.79 | POSITIVE | CNX has a high relative strength, it outperformed 81.79% 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) | 58.16 | NEUTRAL | The RSI value for CNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.58 | OVERBOUGHT | The high Stochastics value suggests CNX may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for CNX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.80 | 37.30 | 4.50 (10.77%) | 9.29% |
| An entry @41.80. This is a Buy Stop order right above the resistance zone. | An exit @37.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.50 points, which is 10.77%. | When investing 9.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CNX Technicals: Chart, Performance Metrics, Trend & Indicators
41.49
-1.12 (-2.63%)
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.
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 58.155. 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 0.180541, 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.