Technical Analysis for CNX - CNX Resources Corp

Grade Last Price % Change Price Change
A 16.8450 -0.56% -0.0950
CNX closed up 1.13 percent on Thursday, June 8, 2023, on 1.13 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength -0.56%
Upper Bollinger Band Walk Strength -0.56%
Above Upper BB Strength -0.56%
Overbought Stochastic Strength -0.56%
Up 3 Days in a Row Strength -0.56%
Upper Bollinger Band Touch Strength -0.56%
Crossed Above 200 DMA Bullish 0.57%
Expansion Pivot Buy Setup Bullish Swing Setup 0.57%
Above Upper BB Strength 0.57%
Gapped Up Strength 0.57%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 6 hours ago
Rose Above Previous Day's High about 10 hours ago
Down 1% about 10 hours ago
Fell Below Upper Bollinger Band about 10 hours ago
Expansion Pivot Entry 1 day ago

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CNX Resources Corp Description

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 519,000 net Marcellus Shale acres; and 608,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 981,700 in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 308,000 net CBM acres, as well as 2,122,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. The Midstream division owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The company also offers gas gathering and water delivery solutions to third-parties. 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.


Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Oil And Gas Natural Gas Properties Midstream Methane West Virginia Coalbed Methane Appalachia Gas Gathering Natural Gas Gathering Cbm Energy Assets Marcellus American Energy Partners Utica Shale Canonsburg E&P Lp Paleozoic Prehistory Of North America Chief Oil & Gas Consol Energy Marcellus Formation Midstream Energy Midstream Energy Assets

Is CNX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 23.62
52 Week Low 14.36
Average Volume 2,814,914
200-Day Moving Average 16.4254
50-Day Moving Average 15.8170
20-Day Moving Average 15.8950
10-Day Moving Average 15.9610
Average True Range 0.4935
RSI (14) 64.91
ADX 14.95
+DI 30.8545
-DI 17.3931
Chandelier Exit (Long, 3 ATRs) 15.4695
Chandelier Exit (Short, 3 ATRs) 16.5605
Upper Bollinger Bands 16.7525
Lower Bollinger Band 15.0375
Percent B (%b) 1.11
BandWidth 10.7896
MACD Line 0.2161
MACD Signal Line 0.0944
MACD Histogram 0.1217
Fundamentals Value
Market Cap 3.8 Billion
Num Shares 225 Million
EPS 1.52
Price-to-Earnings (P/E) Ratio 11.14
Price-to-Sales 1.69
Price-to-Book 0.51
PEG Ratio 0.96
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.5400
Resistance 3 (R3) 17.4767 17.2133 17.4400
Resistance 2 (R2) 17.2133 17.0605 17.2450 17.4066
Resistance 1 (R1) 17.0767 16.9661 17.1450 17.1400 17.3733
Pivot Point 16.8133 16.8133 16.8475 16.8450 16.8133
Support 1 (S1) 16.6767 16.6605 16.7450 16.7400 16.5067
Support 2 (S2) 16.4133 16.5661 16.4450 16.4734
Support 3 (S3) 16.2767 16.4133 16.4400
Support 4 (S4) 16.3400