CNX Resources Corporation (CNX)

CNX Resources Corporation is trading at $37.58, up 0.05% on the session. The 50 day average sits at $34.45 and the 200 day at $37.02, which puts the stock in a downtrend. RSI is at 58.7, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $34.90 with resistance near $36.39, so that band frames the current range. Average daily movement is roughly $0.87, or about 2.3% of the share price, which is what any stop placement has to allow for. The overall health score of 65 out of 100 combines a trend score of 67, momentum of 56 and a risk score of 73.

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale formations in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other Shale and shallow oil and gas formations primarily in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. In addition, the company designs, builds, and operates natural gas gathering systems to move natural gas from the wellhead to interstate pipelines or other local sales points; owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as various natural gas processing facilities. Further, it offers turn-key solutions for water sourcing, delivery and disposal for its natural gas operations and supplies solutions for water sourcing as well as delivery and disposal for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is based in Canonsburg, Pennsylvania.