CNRG in -2.70% downward trend, sliding for three consecutive days on March 28, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CNRG declined for three days, in of 306 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 26, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CNRG as a result. In of 80 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 Aroon Indicator for CNRG entered a downward trend on April 02, 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.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CNRG's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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.
The Moving Average Convergence Divergence (MACD) for CNRG just turned positive on April 02, 2025. Looking at past instances where CNRG's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNRG advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
CNRG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Energy
CNRG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CNRG has been closely correlated with RNWZ. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNRG jumps, then RNWZ could also see price increases.
| Ticker / NAME | Correlation To CNRG | 1D Price Change % | ||
|---|---|---|---|---|
| CNRG | 100% | +1.64% | ||
| RNWZ - CNRG | 67% Closely correlated | +0.36% | ||
| XOP - CNRG | 42% Loosely correlated | +0.98% | ||
| IYE - CNRG | 40% Loosely correlated | +0.26% | ||
| OIH - CNRG | 38% Loosely correlated | +0.08% | ||
| VDE - CNRG | 32% Poorly correlated | +0.16% | ||
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