CNRG in upward trend: price rose above 50-day moving average on November 29, 2023
CNRG moved above its 50-day moving average on November 29, 2023 date and that indicates a change from a downward trend to an upward trend. In of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CNRG's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CNRG just turned positive on November 02, 2023. Looking at past instances where CNRG's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for CNRG crossed bullishly above the 50-day moving average on November 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where CNRG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on November 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CNRG as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 November 08, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Energy
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| AFNAX | 22.10 | 0.17 | +0.78% |
| AAM/Bahl & Gaynor Income Growth A | |||
| SFMIX | 32.99 | 0.14 | +0.43% |
| American Beacon Stephens Mid-Cap Gr R5 | |||
| MUOCX | 20.70 | 0.06 | +0.29% |
| Morgan Stanley Instl US Core C | |||
| RGLGX | 20.85 | 0.04 | +0.19% |
| American Funds Global Insight R-6 | |||
| GSBDX | 11.41 | 0.02 | +0.18% |
| Goldman Sachs Small Cap Growth A | |||
CNRG and
Correlation & Price change
A.I.dvisor indicates that over the last year, CNRG has been loosely correlated with XOP. These tickers have moved in lockstep 48% of the time. This A.I.-generated data suggests there is some statistical probability that if CNRG jumps, then XOP could also see price increases.
| Ticker / NAME | Correlation To CNRG | 1D Price Change % | ||
|---|---|---|---|---|
| CNRG | 100% | +0.34% | ||
| XOP - CNRG | 48% Loosely correlated | +0.56% | ||
| OIH - CNRG | 45% Loosely correlated | +0.53% | ||
| VDE - CNRG | 44% Loosely correlated | +0.69% | ||
| IXC - CNRG | 44% Loosely correlated | +0.66% | ||
| XLE - CNRG | 41% Loosely correlated | +0.67% | ||
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