CNX Midstream Partners LP (CNXM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNXM -
Taking everything into account, CNXM scores 5 out of 10 in our technical rating. CNXM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- CNXM has an average volume of 1149420 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 performance of all stocks over the past year, CNXM turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- CNXM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNXM is lagging the market.
- In the last month CNXM has a been trading in the 8.71 - 10.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CNXM does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.07 to 9.15. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @8.86 from a horizontal line in the daily time frame.
- Support @6.67 from a trend line in the daily time frame.
- Support @6.38 from a horizontal line in the weekly time frame.
- Support @6.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.66 to 9.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.52 to 10.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.31 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CNXM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNXM is neutral. |
| ChartMill Relative Strength | 52.55 | NEUTRAL | CNXM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNXM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNXM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNXM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.44 | NEUTRAL | The RSI value for CNXM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CNXM has a negative trend. |
| Stochastics (14,3) | 49.36 | NEUTRAL | The Stochastics value for CNXM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.46 | HIGH VOLATILITY | The high ATR as a percentage value for CNXM suggests high volalility. |
9.16
-0.62 (-6.34%)
CNX Midstream Partners LP / CNXM FAQ
Can you provide the ChartMill technical rating for CNX Midstream Partners LP?
ChartMill assigns a technical rating of 5 / 10 to CNXM.
Can you provide the trend direction for CNX Midstream Partners LP?
The current trend direction for CNX Midstream Partners LP (CNXM) is Bearish.
What is the RSI signal for CNX Midstream Partners LP (CNXM) stock?
CNX Midstream Partners LP (CNXM) has an RSI value of 45.4449. This indicates that the stock is currently neutral.
What is the short term momentum for CNX Midstream Partners LP (CNXM) stock?
The short term momentum for CNX Midstream Partners LP (CNXM) is neutral.
What is the support and resistance level for CNXM stock?
CNX Midstream Partners LP (CNXM) has a support level at 9.15 and a resistance level at 9.66. Check the full technical report for our detailed analysis of CNXM support and resistance levels.