CONSOL Energy Inc Stock Forecast
Red day on Thursday for CONSOL Energy Inc
(Updated on Apr 25, 2024)
The CONSOL Energy Inc stock price fell by -1.12% on the last day (Thursday, 25th Apr 2024) from $24.21 to $23.94. During the last trading day the stock fluctuated 4.79% from a day low at $23.05 to a day high of $24.16. The price has been going up and down for this period, and there has been a -1.89% loss for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $111.32 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 26.26% during the next 3 months and, with a 90% probability hold a price between $29.59 and $32.28 at the end of this 3-month period.
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CNX Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.76%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The CONSOL Energy Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.98. On a fall, the stock will find some support from the long-term average at approximately $23.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
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 $1.11 between high and low, or 4.79%. For the last week the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $23.08 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (CNX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CONSOL Energy Inc to open at $23.72, and during the day (based on 14 day Average True Range), to move between $23.36 and $24.52, which gives a possible trading interval of +/-$0.580 (+/-2.42%) up or down from last closing price. If CONSOL Energy Inc takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.12 (0.75%) than the support at $23.72 (0.92%), 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 CONSOL Energy Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.256 Buy Candidate Unchanged
Predicted Opening Price for CONSOL Energy Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $23.72 ( 0.94%) | $23.94 |
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 | 24.82 | 3.68 % | |
| R2 | 24.40 | 1.91 % | ||
| R1 | 24.14 | 0.82 % | ||
| Current price: | 23.94 | |||
| Support | S1 | 23.29 | -2.70 % | |
| S2 | 23.03 | -3.79 % | ||
| S3 | 22.61 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.54 | 2.51 % | |
| R2 | 24.21 | 1.13 % | ||
| R1 | 24.12 | 0.752 % | ||
| Current price | 23.94 | |||
| Support | S1 | 23.72 | -0.92% | |
| S2 | 21.35 | -10.82% | ||
| S3 | 21.04 | -12.11% |
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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