NYSE trade advice (A): US oil & gas production stock | 5-6% gain | USA stock trading picks on 29 May 2024

Date
May 29, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Swing Stocks Trading Advice USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CNX Resources
  • 25 – 25.25
  • 26.5 – 26.8
  • Below 24.5
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    CNX Resources
  • Buy
    Range
    25 – 25.25
  • Target
    26.5 – 26.8
  • Stoploss
    Below 24.5
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    CNX Resources (NYSE: CNX) - Stock Overview

  • NYSE Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • CNX
  • CNX Resources
  • Oil & Gas Production
  • 24.94
  • 15.08
  • NYSE Code CNX
  • Stock Name CNX Resources
  • Sector Oil & Gas Production
  • 52 Weeks High 24.94
  • 52 Weeks Low 15.08
  • CNX Resources (NYSE: CNX) vs NYSE - Relative Strength Comparison

    The image showcases CNX Resource's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    CNX —   NYSE —

  • CNX Resources (NYSE: CNX) - Technical Analysis (Daily)

    CNX Resources - Technical Analysis chart on Daily Price and Volume
    CNX Resources - Technical Analysis chart on Daily Price and Volume

    • After a upside rally, price took a rejection near 24 level and made a correction.
    • Finally the price found its support at near 19 level and started moving upside from there and managed to break its previous resistance level.
    • A Rounding Bottom pattern has been formed during this phase.
    • After the breakout, price consolidated above the breakout level.
    • With a fresh breakout, it seems that the price may continue its trend.
  • CNX Resources (NYSE: CNX) - RSI Indicator

    CNX Resources stock analysis based on RSI Indicator
    CNX Resources - RSI Indicator

    • Current RSI of this stock is 68.57, which indicates the strength of buyers.

  • CNX Resources (NYSE: CNX) - ADX & DI Indicator

    CNX Resources stock analysis based on ADX & DI Indicator
    CNX Resources - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • CNX Resources (NYSE: CNX) - MACD Indicator

    CNX Resources stock analysis based on MACD Indicator
    CNX Resources - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - CNX Resources (NYSE: CNX) Stock Price Forecast

    Based on our positional trading picks in USA stocks, CNX Resources stock price target will be USD 26.5 - USD 26.8 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    29 May 2024
    3 Jun 2024
    3 Jun 2024
    4 days
    Loss per
    100,000 SAR
    Stop-loss
    24.5
    Buy Advice
    29 May 2024
    25 – 25.25
    Target 1
    3 Jun 2024
    26.5
    Target 2
    3 Jun 2024
    26.8
    Profit per
    100,000 SAR
    4 days
    6,280
    24.5
    25 – 25.25
    26.5
    26.8
    6,280
    29 May 2024
    3 Jun 2024
    3 Jun 2024
    4 days
    Loss per
    100,000 SAR
    Stop-loss
    24.5
    Buy Advice
    29 May 2024
    25 – 25.25
    Target 1
    3 Jun 2024
    26.5
    Target 2
    3 Jun 2024
    26.8
    Profit per
    100,000 SAR
    4 days
    6,280
    24.5
    25 – 25.25
    26.5
    26.8
    6,280
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CNX Resources
  • 25 – 25.25
  • 26.5 – 26.8
  • Below 24.5
  • 5% – 6%
  • 12 - 14 Days
  • Buy CNX Resources
  • Buy
    Range
    25 – 25.25
  • Target 26.5 – 26.8
  • Stoploss Below 24.5
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CNX Resources
  • 25 – 25.25
  • 26.5 – 26.8
  • Below 24.5
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    CNX Resources
  • Buy
    Range
    25 – 25.25
  • Target
    26.5 – 26.8
  • Stoploss
    Below 24.5
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    CNX Resources (NYSE: CNX) - Stock Overview

  • NYSE Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • CNX
  • CNX Resources
  • Oil & Gas Production
  • 24.94
  • 15.08
  • NYSE Code CNX
  • Stock Name CNX Resources
  • Sector Oil & Gas Production
  • 52 Weeks High 24.94
  • 52 Weeks Low 15.08
  • Company profile

    CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

  • CNX Resources (NYSE: CNX) vs NYSE - Relative Strength Comparison

    The image showcases CNX Resource's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    CNX —   NYSE —

  • CNX Resources (NYSE: CNX) - Technical Analysis (Daily)

    CNX Resources - Technical Analysis chart on Daily Price and Volume
    CNX Resources - Technical Analysis chart on Daily Price and Volume

    • After a upside rally, price took a rejection near 24 level and made a correction.
    • Finally the price found its support at near 19 level and started moving upside from there and managed to break its previous resistance level.
    • A Rounding Bottom pattern has been formed during this phase.
    • After the breakout, price consolidated above the breakout level.
    • With a fresh breakout, it seems that the price may continue its trend.
  • CNX Resources (NYSE: CNX) - RSI Indicator

    CNX Resources stock analysis based on RSI Indicator
    CNX Resources - RSI Indicator

    • Current RSI of this stock is 68.57, which indicates the strength of buyers.

  • CNX Resources (NYSE: CNX) - ADX & DI Indicator

    CNX Resources stock analysis based on ADX & DI Indicator
    CNX Resources - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • CNX Resources (NYSE: CNX) - MACD Indicator

    CNX Resources stock analysis based on MACD Indicator
    CNX Resources - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - CNX Resources (NYSE: CNX) Stock Price Forecast

    Based on our positional trading picks in USA stocks, CNX Resources stock price target will be USD 26.5 - USD 26.8 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

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