CNX Coal Resources LP representing ltd Stock Forecast
Stronger technical forecast for CNX Coal Resources LP representing ltd stock price after Friday trading.
(Updated on Apr 26, 2024)
The CNX Coal Resources LP representing ltd stock price gained 0.607% on the last trading day (Friday, 26th Apr 2024), rising from £164.80 to £165.80. During the last trading day the stock fluctuated 2.32% from a day low at £164.00 to a day high of £167.80. The price has been going up and down for this period, and there has been a 0.12% gain 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, 18 thousand more shares were traded than the day before. In total, 461 thousand shares were bought and sold for approximately £76.40 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.88% during the next 3 months and, with a 90% probability hold a price between £172.24 and £191.21 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CCR.L Signals & Forecast
The CNX Coal Resources LP representing ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £164.23 and £159.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CNX Coal Resources LP representing ltd stock
CNX Coal Resources LP representing ltd finds support from accumulated volume at £164.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £3.80 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: £158.85 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (CCR.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CNX Coal Resources LP representing limited partner interests to open at £165.87, and during the day (based on 14 day Average True Range), to move between £161.36 and £170.24, which gives a possible trading interval of +/-£4.44 (+/-2.68%) up or down from last closing price. If CNX Coal Resources LP representing limited partner interests takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £166.80 (0.60%) than the support at £164.40 (0.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CNX Coal Resources LP representing limited partner interests stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CNX Coal Resources LP representing ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.726 Buy Candidate Upgraded
Predicted Opening Price for CNX Coal Resources LP representing limited partner interests of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £165.87 ( 0.0402%) | £165.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.67 | 2.33 % | |
| R2 | 168.22 | 1.46 % | ||
| R1 | 167.32 | 0.92 % | ||
| Current price: | 165.80 | |||
| Support | S1 | 164.42 | -0.84 % | |
| S2 | 163.52 | -1.38 % | ||
| S3 | 162.07 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167.40 | 0.97 % | |
| R2 | 167.00 | 0.724 % | ||
| R1 | 166.80 | 0.603 % | ||
| Current price | 165.80 | |||
| Support | S1 | 164.40 | -0.84% | |
| S2 | 147.40 | -11.10% | ||
| S3 | 143.40 | -13.51% |
CCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | £0 | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £3.79 | 2.73% |
| 3 | Oct 24, 2019 | Oct 31, 2019 | Dec 13, 2019 | £5.15 | 1.36% |
| 4 | May 22, 2019 | May 30, 2019 | Jul 19, 2019 | £9.34 | 242.54% |
| 5 | Oct 25, 2018 | Nov 01, 2018 | Dec 14, 2018 | £4.99 | 186.78% |
FAQ
Click here for our free guide on how to buy CNX Coal Resources LP representing limited partner interests Stock.
