NYSE trade advice (B): US energy stock | 6-7% gain | USA stock trading signal on 11 Jun 2024

Date
June 11, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Stock Trading Signals in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CNX Resources Corporation
  • 25.5 – 26
  • 27.3 – 27.75
  • Below 24.7
  • 6% – 7%
  • 12 - 14 Days
  • Buy
    CNX Resources Corporation
  • Buy
    Range
    25.5 – 26
  • Target
    27.3 – 27.75
  • Stoploss
    Below 24.7
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    CNX Resources Corporation (NYSE: CNX) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • CNX
  • CNX Resources Corporation
  • Energy
  • 26.57
  • 16.5
  • NYSE code CNX
  • Stock Name CNX Resources Corporation
  • Sector Energy
  • 52 Weeks High 26.57
  • 52 Weeks Low 16.5
  • CNX Resources Corporation (NYSE: CNX) vs NYSE - Relative Strength Comparison

    The image highlights CNX Resources Corporation's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    CNX —   NYSE —

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

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

    • 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 Indicator

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

    • Current RSI of this stock is 64.72, which indicates the strength of buyers.

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

    CNX Resources Corporation stock analysis based on ADX & DI Indicator
    CNX Resources Corporation - 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 Corporation (NYSE: CNX) - MACD Indicator

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

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

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

    Based on our swing short term trading in USA stocks, CNX Resources Corporation stock price target will be USD 27.3 - USD 27.75 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    2 days
    14 Jun 2024
    11 Jun 2024
    Loss per
    100,000 SAR
    2 days
    -3,137
    Stop-loss
    14 Jun 2024
    24.7
    Buy Advice
    11 Jun 2024
    25.5 – 26
    Target 1
    27.3
    Target 2
    27.75
    Profit per
    100,000 SAR
    -3,137
    24.7
    25.5 – 26
    27.3
    27.75
    2 days
    14 Jun 2024
    11 Jun 2024
    Loss per
    100,000 SAR
    2 days
    -3,137
    Stop-loss
    14 Jun 2024
    24.7
    Buy Advice
    11 Jun 2024
    25.5 – 26
    Target 1
    27.3
    Target 2
    27.75
    Profit per
    100,000 SAR
    -3,137
    24.7
    25.5 – 26
    27.3
    27.75
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CNX Resources Corporation
  • 25.5 – 26
  • 27.3 – 27.75
  • Below 24.7
  • 6% – 7%
  • 12 - 14 Days
  • Buy CNX Resources Corporation
  • Buy
    Range
    25.5 – 26
  • Target 27.3 – 27.75
  • Stoploss Below 24.7
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CNX Resources Corporation
  • 25.5 – 26
  • 27.3 – 27.75
  • Below 24.7
  • 6% – 7%
  • 12 - 14 Days
  • Buy
    CNX Resources Corporation
  • Buy
    Range
    25.5 – 26
  • Target
    27.3 – 27.75
  • Stoploss
    Below 24.7
  • Upside
    Potential
    6% – 7%
  • 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 Corporation (NYSE: CNX) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • CNX
  • CNX Resources Corporation
  • Energy
  • 26.57
  • 16.5
  • NYSE code CNX
  • Stock Name CNX Resources Corporation
  • Sector Energy
  • 52 Weeks High 26.57
  • 52 Weeks Low 16.5
  • 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 Corporation (NYSE: CNX) vs NYSE - Relative Strength Comparison

    The image highlights CNX Resources Corporation's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    CNX —   NYSE —

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

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

    • 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 Indicator

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

    • Current RSI of this stock is 64.72, which indicates the strength of buyers.

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

    CNX Resources Corporation stock analysis based on ADX & DI Indicator
    CNX Resources Corporation - 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 Corporation (NYSE: CNX) - MACD Indicator

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

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

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

    Based on our swing short term trading in USA stocks, CNX Resources Corporation stock price target will be USD 27.3 - USD 27.75 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.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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