CONSOL Stock Forecast
Stronger technical forecast for CONSOL stock price after Thursday trading.
(Updated on May 02, 2024)
The CONSOL stock price gained 0.96% on the last trading day (Thursday, 2nd May 2024), rising from $81.42 to $82.20. During the last trading day the stock fluctuated 3.25% from a day low at $81.44 to a day high of $84.09. The price has been going up and down for this period, and there has been a -2.14% 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, 48 thousand more shares were traded than the day before. In total, 362 thousand shares were bought and sold for approximately $29.76 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CONSOL stock with a 90% probability to be traded between $76.47 and $94.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CEIX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.11%. 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 stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $84.22 and $83.69. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CONSOL stock
CONSOL finds support from accumulated volume at $81.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.65 (3.25%) between high and low. For the last week, the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: $77.43 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (CEIX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect CONSOL Energy Inc to open at $82.58, and during the day (based on 14 day Average True Range), to move between $79.02 and $85.38, which gives a possible trading interval of +/-$3.18 (+/-3.87%) up or down from last closing price. If CONSOL Energy Inc takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $81.00 (1.46%) than the resistance at $83.58 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CONSOL will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.19. We will update the financials statements for CONSOL, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.26% in the first trading day after earnings release.
Is CONSOL Energy Inc stock A Buy?
CONSOL holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.460 Hold/Accumulate Upgraded
Predicted Opening Price for CONSOL Energy Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $82.58 ( 0.458%) | $82.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEIX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.23 | 3.68 % | |
| R2 | 84.21 | 2.45 % | ||
| R1 | 83.59 | 1.69 % | ||
| Current price: | 82.20 | |||
| Support | S1 | 81.56 | -0.773 % | |
| S2 | 80.94 | -1.53 % | ||
| S3 | 79.93 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.58 | 11.41 % | |
| R2 | 86.71 | 5.49 % | ||
| R1 | 83.58 | 1.68 % | ||
| Current price | 82.20 | |||
| Support | S1 | 81.00 | -1.46% | |
| S2 | 80.50 | -2.07% | ||
| S3 | 80.43 | -2.15% |
CEIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2023 | May 12, 2023 | May 23, 2023 | $1.10 | 1.88% |
| 2 | Feb 07, 2023 | Feb 16, 2023 | Feb 28, 2023 | $1.10 | 2.01% |
| 3 | Nov 01, 2022 | Nov 10, 2022 | Nov 23, 2022 | $1.05 | 1.52% |
| 4 | Aug 04, 2022 | Aug 15, 2022 | Aug 24, 2022 | $1.00 | 1.37% |
FAQ
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