CNX RESOURCES Technical Analysis (NYSE:CNX)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the CNX RESOURCES stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CNX stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for CNX RESOURCES. Technical analysis uses an approach for CNX RESOURCES stock analysis that does not care for the fair value of a company but uses price and volume data only.
CNX RESOURCES Moving Average
Moving averages show the CNX stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $15.98 is above the last closing price of $15.19 and the 50 day moving average of $16.75 is above the last closing price of $15.19. The 10 and 20 day periods can predict short term moving average trends.
CNX RESOURCES Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CNX stock. Currently the stock price of $15.19 is in the lower range of CNX RESOURCES bollinger bands.
CNX RESOURCES Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The CNX RESOURCES MACD indicator is below 0 indicating a bearish trend.
CNX RESOURCES Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CNX stock is 39.13.