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%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


July 18, 2024


CNX Resources Forecast

CNX      CNX Resources











Correlated Assets

Assets that tend to move strongly with CNX



AR Forecast + Options Trading Strategies   AR  Antero Resources (0.89)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (0.89)


VDE Forecast + Options Trading Strategies   VDE  Vanguard Group, Inc. - Vanguard Energy (0.88)


SU Forecast + Options Trading Strategies   SU  Suncor Energy (0.88)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.88)



Uncorrelated Assets

Assets with little price relationship to CNX



URTY Forecast + Options Trading Strategies   URTY  ProShares UltraPro Russell2000 (-0.0)


ABEO Forecast + Options Trading Strategies   ABEO  Abeona Therapeutics (0.0)


BLK Forecast + Options Trading Strategies   BLK  Blackrock (-0.0)


HD Forecast + Options Trading Strategies   HD  Home Depot (-0.0)


RMD Forecast + Options Trading Strategies   RMD  Resmed (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against CNX



JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (-0.82)


IYT Forecast + Options Trading Strategies   IYT  BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation (-0.83)


LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.84)


FIVN Forecast + Options Trading Strategies   FIVN  Five9 (-0.85)


SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.87)





Become a more profitable investor with AI optimized trading strategies






×

Chat with CNX


 Ask any question about CNX!