CNX closes below its opening price unable to hold early session gains


CNX Resources Corporation (CNX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

CNX finds buyers around 14.56 for the third day in a row
CNX closes below its opening price unable to hold early session gains
CNX ends the day on a bearish note closing near the low of the day
CNX falls to lowest close since April 26th
CNX closes within previous day's range after lackluster session

Overview

CNX finished the week -2.14% lower at 14.60 after losing $0.10 (-0.68%) today. Today's closing price of 14.60 marks the lowest close since April 26th. Trading $0.17 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (CNX as at Sep 14, 2018):

Daily technical analysis candlestick chart for CNX Resources Corporation (CNX) as at Sep 14, 2018

Friday's trading range was $0.28 (1.91%), that's below last trading month's daily average range of $0.40. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 14.54. The market found buyers again today around 14.56 for the third trading day in a row after having found demand at 14.58 in the previous session and at 14.62 two days ago.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.


Market Conditions for CNX as at Sep 14, 2018

Loading Market Conditions for CNX (CNX Resources Corporation)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when CNX Resources Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!