CNRG's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for CNRG turned positive on April 15, 2025. Looking at past instances where CNRG's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where CNRG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 22, 2025. You may want to consider a long position or call options on CNRG as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 298 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.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNRG 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 CNRG entered a downward trend on April 21, 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.
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% | +0.15% | ||
| RNWZ - CNRG | 67% Closely correlated | -1.46% | ||
| XOP - CNRG | 42% Loosely correlated | +0.33% | ||
| IYE - CNRG | 40% Loosely correlated | -0.35% | ||
| OIH - CNRG | 38% Loosely correlated | -1.83% | ||
| VDE - CNRG | 32% Poorly correlated | -0.24% | ||
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