CNX Midstream Partners LP (CNXM) Stock Technical Analysis
NYSE:CNXM - New York Stock Exchange, Inc. -
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 trading in the upper part of its 52 week range, so CNXM is lagging the market slightly.
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.
CNXM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
15.46
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.16
-0.62 (-6.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.34%
1 Week-8.4%
2 Weeks-1.4%
1 Month-7.1%
3 Month36.92%
6 Month32.18%
12 Month-35.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%5.46%
ATR Inc71.22%
Range Today1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.55
Mansfield-2.19
10 Day High10.3
10 Day Low9.07
20 Day High10.3
20 Day Low8.71
52 Week High16.94
52 Week Low5.2
CS1 End9.15
CR1 Start9.66
Volume & EV
DER(3)-2.38%
DER(5)0.63%
Volume9.40M
Volume Incr331.4%
Vol(5)2.58M
Vol(50)1.15M