CNX Resources Corporation (NYSE: CNX) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 25.5 – 26 |
Target | 27.3 – 27.75 |
StopLoss* | below 24.7 |
Duration | 12-14 Trading Days |
Potential Returns | 6% – 7% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 25.5 – 26 | 27.3 – 27.75 | below 24.7 | 12-14 Trading Days | 6% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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CNX Resources Corporation (NYSE: CNX) STOCK OVERVIEW
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
Stock Data | |
NYSE Symbol | CNX |
Sectoral Index | Energy |
52 Weeks High | 26.57 |
52 Weeks Low | 16.5 |
CNX Resources Corporation (NYSE: CNX) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
CNX Resources Corporation — NYSE —
CNX Resources Corporation (NYSE: CNX) - DAILY TECHNICAL ANALYSIS
- After experiencing a significant increase, the price encountered resistance around the 24 level and underwent a correction.
- Eventually, the price discovered support near the 19 level and began to rise from there, successfully surpassing its previous resistance level.
- A Rounding Bottom pattern has been formed during this phase.
- Following the breakout, the price consolidated above the breakout level and continued its upward movement.
- At present, the price is trading close to its highest level in the past 52 weeks and is anticipated to continue ascending.
CNX Resources Corporation (NYSE: CNX) - RSI
- Current RSI of this stock is 64.72, which indicates the strength of buyers.
CNX Resources Corporation (NYSE: CNX) - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
CNX Resources Corporation (NYSE: CNX) - ADX & DI
- 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.
CONCLUSION - CNX Resources Corporation (NYSE: CNX) STOCK PRICE FORECAST
Based on our stock trading advice in USA, CNX Resources Corporation stock price target will be USD 27.3 – USD 27.75 in the next 12-14 trading sessions.