CNX Forecast + Trading Strategies


Bullish Case: Rising natural gas prices and favorable mid-term outlook, bolstered by higher earnings forecasts and the potential for increased institutional investments, indicate CNX could see significant price appreciation.


Bearish Case: High institutional ownership and potential regulatory changes, coupled with recent sell-offs and volatility, could lead to downward pressure on CNX's stock, with significant downside risk.


Potential Outcomes:

1) Institutional investments boost stock by 25% (40%),

2) Regulatory changes impact negatively (30%),

3) Market volatility spurs unexpected moves (20%),

4) Stable or slight appreciation due to favorable fundamentals (10%).


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July 18, 2024


CNX Resources Forecast

CNX      CNX Resources











Correlated Assets

Assets that tend to move strongly with CNX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.83)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.53)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.55)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.61)



Uncorrelated Assets

Assets with little price relationship to CNX



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.53)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.55)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.61)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.83)



Anticorrelated Assets

Assets that tend to move strongly against CNX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.83)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.53)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.55)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.61)





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