CNX RESOURCES CORP (CNX)       15.85  +0.04 (+0.25%)

15.85  +0.04 (+0.25%)

US12653C1080 - Common Stock - After market: 15.85 0 (0%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to CNX. In the past year, CNX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.



CNX has an average volume of 3467320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CNX is part of the Oil, Gas & Consumable Fuels industry. There are 385 other stocks in this industry, CNX did better than 41% of them.
In the last month CNX has a been trading in the 14.47 - 16.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
When comparing the yearly performance of all stocks, CNX is a bad performer in the overall market: 73% of all stocks are doing better.
CNX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.14% -5.88% 2.06% -24.60% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 27.97 14.47 - 24.21
CNX Weekly chart
CNX Daily chart

Support/Resistance Analysis


14.62

18.45
We found 2 important support areas.
  • A support zone ranging from 15.51 to 15.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 14.77 to 14.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • Resistance @16.71 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 17.31 to 17.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A resistance zone ranging from 18.18 to 18.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, CNX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.81, a Stop Loss order could be placed below this zone.


CNX Daily chart

CNX RESOURCES CORP15.85

NYSE:CNX (3/29/2023, 7:04:00 PM)+0.04 (+0.25%)

After market: 15.85 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
Today0.25%
1 Week4.14%
2 Weeks6.95%
1 Month4.14%
3 Month-5.88%
6 Month2.06%
Volatility
ATR(14)0.59
ATR(20)%3.8%
ATR Inc-48.09%
Range Today0.29
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.97
Mansfield-1.08
10 Day High16.06
10 Day Low14.52
20 Day High16.52
20 Day Low14.47
52 Week High24.21
52 Week Low14.47
CS1 End15.81
CR1 Start16.71
Volume & EV
DER(3)1.22%
DER(5)2.64%
Volume2.02M
Volume Incr-39.57%
Vol(5)2.22M
Vol(50)3.47M

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