CONSOL Energy Inc Stock Forecast
Green day on Wednesday for CONSOL Energy Inc stock after gaining 0.582%
(Updated on Apr 24, 2024)
The CONSOL Energy Inc stock price gained 0.582% on the last trading day (Wednesday, 24th Apr 2024), rising from $24.07 to $24.21. During the last trading day the stock fluctuated 2.59% from a day low at $23.78 to a day high of $24.40. The price has been going up and down for this period, and there has been a -1.67% 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, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $82.44 million.
The stock lies in the middle of a 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 26.08% during the next 3 months and, with a 90% probability hold a price between $29.39 and $32.11 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.
CNX Signals & Forecast
The CONSOL Energy Inc 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 $23.97 and $23.10. 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 -1.67%. 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 CONSOL Energy Inc stock
CONSOL Energy Inc finds support from accumulated volume at $23.72 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 $0.615 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $23.19 (-4.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (CNX) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect CONSOL Energy Inc to open at $24.13, and during the day (based on 14 day Average True Range), to move between $23.67 and $24.75, which gives a possible trading interval of +/-$0.535 (+/-2.21%) up or down from last closing price. If CONSOL Energy Inc takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.28 (0.29%) than the support at $23.72 (2.02%), 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.
Earnings coming up
CONSOL Energy Inc will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for CONSOL Energy Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.66% in the first trading day after earnings release.
Is CONSOL Energy Inc 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 CONSOL Energy Inc stock to perform well in the short-term.
Current score: 3.667 Buy Candidate Unchanged
Predicted Opening Price for CONSOL Energy Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $24.13 ( 0.337%) | $24.21 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 24.74 | 2.20 % | |
| R2 | 24.51 | 1.23 % | ||
| R1 | 24.36 | 0.633 % | ||
| Current price: | 24.21 | |||
| Support | S1 | 23.89 | -1.31 % | |
| S2 | 23.75 | -1.91 % | ||
| S3 | 23.51 | -2.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.62 | 1.69 % | |
| R2 | 24.54 | 1.36 % | ||
| R1 | 24.28 | 0.289 % | ||
| Current price | 24.21 | |||
| Support | S1 | 23.72 | -2.02% | |
| S2 | 21.04 | -13.09% | ||
| S3 | 20.42 | -15.65% |
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
Click here for our free guide on how to buy CONSOL Energy Inc Stock.
