CONSOL Energy Inc Stock Forecast
CONSOL Energy Inc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The CONSOL Energy Inc stock price gained 0.289% on the last trading day (Friday, 28th Jun 2024), rising from $24.23 to $24.30. During the last trading day the stock fluctuated 2.31% from a day low at $24.04 to a day high of $24.59. The price has been going up and down for this period, and there has been a -4.56% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $46.43 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.90% during the next 3 months and, with a 90% probability hold a price between $25.21 and $27.99 at the end of this 3-month period.
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CNX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.72%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CONSOL Energy Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $24.79. On a fall, the stock will find some support from the short-term average at $24.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CONSOL Energy Inc stock
CONSOL Energy Inc finds support from accumulated volume at $24.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.555 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $22.79 (-6.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (CNX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CONSOL Energy Inc to open at $24.31, and during the day (based on 14 day Average True Range), to move between $23.74 and $24.86, which gives a possible trading interval of +/-$0.559 (+/-2.30%) up or down from last closing price. If CONSOL Energy Inc takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.15 (0.62%) than the resistance at $24.54 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CONSOL Energy Inc stock A Buy?
CONSOL Energy Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.318 Hold/Accumulate Upgraded
Predicted Opening Price for CONSOL Energy Inc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.31 ( 0.0343%) | $24.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.86 | 2.32% |
| R2 | 24.65 | 1.45% |
| R1 | 24.52 | 0.91% |
| Price | 24.30 | |
| S1 | 24.10 | -0.84% |
| S2 | 23.97 | -1.38% |
| S3 | 23.75 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.30 | 8.23% |
| R2 | 25.38 | 4.44% |
| R1 | 24.54 | 0.99% |
| Price | 24.30 | |
| S1 | 24.15 | -0.617% |
| S2 | 23.94 | -1.48% |
| S3 | 23.89 | -1.69% |
CNX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2017 | Feb 02, 2017 | Mar 03, 2016 | $0.272 | 2.64% |
| 2 | Feb 01, 2016 | Feb 11, 2016 | Mar 03, 2016 | $0.0083 | 0.0809% |
| 3 | Oct 28, 2015 | Nov 09, 2015 | Nov 20, 2015 | $0.0083 | 0.106% |
| 4 | Jul 28, 2015 | Aug 06, 2015 | Aug 24, 2015 | $0.0083 | 0.0709% |
| 5 | Apr 29, 2015 | May 07, 2015 | May 21, 2015 | $0.0525 | 0.166% |
FAQ
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