Bullish Case: Favorable natural gas market conditions, substantive reserves, and a mean-reverting price action pattern suggest potential upside for CNX.


Bearish Case: Investor skepticism from past underperformance and a high volatility term structure indicate possible downward pressure on CNX shares.


Potential Outcomes: Increased natural gas demand (40%), investor sell-off due to geopolitical concerns (30%), surprise regulatory changes impacting the sector (10%).


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February 16, 2024


CNX Resources Forecast

[CNX]  CNX Resources
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)



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CNX Balanced News:


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Correlated Stock Forecasts

Assets that tend to move strongly with CNX



SM Forecast + Options Trading Strategies   [SM]  SM Energy (0.94)


COP Forecast + Options Trading Strategies   [COP]  Conoco Phillips (0.93)


RRC Forecast + Options Trading Strategies   [RRC]  Range Resources (0.92)


MTDR Forecast + Options Trading Strategies   [MTDR]  Matador Resources (0.91)


NOG Forecast + Options Trading Strategies   [NOG]  Northern Oil and Gas (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to CNX



PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.0)


ROK Forecast + Options Trading Strategies   [ROK]  Rockwell Automation (-0.0)


APD Forecast + Options Trading Strategies   [APD]  Air Products & Chemicals (-0.0)


FCN Forecast + Options Trading Strategies   [FCN]  FTI Consulting (0.0)


CHD Forecast + Options Trading Strategies   [CHD]  Church & Dwight Co. (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CNX



VGLT Forecast + Options Trading Strategies   [VGLT]  Vanguard Group, Inc. - Vanguard Long-Term Treasury (-0.88)


UST Forecast + Options Trading Strategies   [UST]  ProShares Ultra 7-10 Year Treasury (-0.89)


CPB Forecast + Options Trading Strategies   [CPB]  Campbell Soup (-0.89)


SSTK Forecast + Options Trading Strategies   [SSTK]  Shutterstock (-0.89)


NVEI Forecast + Options Trading Strategies   [NVEI]  Nuvei Corporation (Sub Voting) (-0.9)





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