Bullish Case: Recent stake increases by institutional investors suggest confidence in CNX's future. A price-to-book ratio of 1.1 may indicate a potentially undervalued stock, offering room for growth.


Bearish Case: A high proportion of institutional ownership risks price pressures from large stake shifts, and past volatility suggests susceptibility to market fluctuations.


Potential Outcomes:

1) Increased institutional investment leads to stock appreciation (60%).

2) Regulatory changes impact sector negatively (30%).

3) Market volatility induces price swings (10%).


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


April 09, 2024


CNX Resources Forecast

CNX        CNX Resources
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with CNX



XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.95)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.94)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.91)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.91)


SM Forecast + Options Trading Strategies   SM  SM Energy (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to CNX



EBAY Forecast + Options Trading Strategies   EBAY  EBay (0.0)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (0.0)


UWMC Forecast + Options Trading Strategies   UWMC  UWM Holdings Corporation (-0.0)


EB Forecast + Options Trading Strategies   EB  Eventbrite (-0.0)


VLY Forecast + Options Trading Strategies   VLY  Valley National Bancorp (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CNX



TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.83)


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


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.87)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.92)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.96)





Become a more profitable investor with AI optimized trading strategies






×

Chat with CNX


 Ask any question about CNX!