CONSOL Energy Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of CNX
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CONSOL Energy Inc stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session
(Updated on Oct 04, 2024)
Buy or Hold candidate since Aug 15, 2024
Gain 28.05%
The CONSOL Energy Inc stock price gained 0.265% on the last trading day (Friday, 4th Oct 2024), rising from $34.01 to $34.10. It has now gained 6 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.12% from a day low at $33.97 to a day high of $34.35. The price has risen in 6 of the last 10 days and is up by 6.96% over the past 2 weeks. Volume fell on the last day by -147 thousand shares and in total, 1 million shares were bought and sold for approximately $47.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $32.54, a level that may pose a second chance to hit a runner. According to fan-theory $36.33 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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 $32.59 and $28.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 05, 2024, and so far it has risen 41.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for CONSOL Energy Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $26.67 and $26.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CONSOL Energy Inc finds support just below today's level at $26.67. If this is broken, then the next support from accumulated volume will be at $26.31 and $25.93.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.380 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 2.92%.
The CONSOL Energy Inc stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the CONSOL Energy Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $33.12 (-2.86%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (CNX) For The Upcoming Trading Day Of Monday 7th
For the upcoming trading day on Monday, 7th we expect CONSOL Energy Inc to open at $34.14, and during the day (based on 14 day Average True Range), to move between $33.26 and $34.94, which gives a possible trading interval of +/-$0.84 (+/-2.46%) up or down from last closing price. If CONSOL Energy Inc takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $26.67, some $7.43 (21.79%) from the current price of $34.10, our system finds the risk reward attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score:
0.000
Hold/Accumulate
Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
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Predicted Fair Opening Price
Predicted fair opening price on October 7, 2024 - $34.14 ( 0.117%). 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 | 34.52 | 1.23% |
| R2 | 34.37 | 0.81% |
| R1 | 34.29 | 0.543% |
| Price | 34.10 | |
| S1 | 33.99 | -0.308% |
| S2 | 33.91 | -0.571% |
| S3 | 33.76 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 34.10 | |
| S1 | 26.67 | -21.79% |
| S2 | 26.31 | -22.84% |
| S3 | 25.93 | -23.96% |
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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