The Hourly View for CNX
Currently, CNX (Get Ratings)’s price is up $0.04 (0.33%) from the hour prior. The hourly chart shows that CNX has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CNX’s Technical Outlook on the Daily Chart
At the moment, CNX’s price is up $0.21 (1.53%) from the day prior. CNX has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. CNX Resources Corp’s price action over the past 90 days can be seen via the chart below.
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