CNR's RSI Oscillator ascends from oversold territory
The RSI Indicator for CNR moved out of oversold territory on January 29, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 14 similar instances when the indicator left oversold territory. In of the 14 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
CNR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 10, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CNR as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CNR turned negative on January 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CNR entered a downward trend on January 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
CNR and Stocks
Correlation & Price change
A.I.dvisor indicates that over the last year, CNR has been loosely correlated with SPXC. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if CNR jumps, then SPXC could also see price increases.
| Ticker / NAME | Correlation To CNR | 1D Price Change % | ||
|---|---|---|---|---|
| CNR | 100% | -1.13% | ||
| SPXC - CNR | 37% Loosely correlated | +1.54% | ||
| JCI - CNR | 34% Loosely correlated | +2.53% | ||
| CARR - CNR | 33% Poorly correlated | +1.81% | ||
| OC - CNR | 33% Poorly correlated | +1.92% | ||
| LMB - CNR | 31% Poorly correlated | +4.11% | ||
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Groups containing CNR
Correlation & Price change
| Ticker / NAME | Correlation To CNR | 1D Price Change % |
|---|---|---|
| CNR | 100% | -1.13% |
| Energy Minerals category (412 stocks) | 34% Loosely correlated | -0.08% |