Cnx Resources Corp Stock Price Prediction
| CNX Stock | USD 24.00 0.30 1.27% |
Oversold Vs Overbought
74
Oversold | Overbought |
CNX Resources Corp stock price prediction is an act of determining the future value of CNX Resources shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of CNX Resources' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of CNX Resources and does not consider all of the tangible or intangible factors available from CNX Resources' fundamental data. We analyze noise-free headlines and recent hype associated with CNX Resources Corp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting CNX Resources' stock price prediction:Quarterly Earnings Growth (0.51) | EPS Estimate Next Quarter 0.45 | EPS Estimate Current Year 1.41 | EPS Estimate Next Year 1.91 | Wall Street Target Price 24.44 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of CNX Resources based on different types of headlines from major news networks to social media. The CNX stock price prediction module provides an analysis of price elasticity to changes in media outlook on CNX Resources over a specific investment horizon. Using CNX Resources hype-based prediction, you can estimate the value of CNX Resources Corp from the perspective of CNX Resources response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards CNX Resources using CNX Resources' stock options and short interest. It helps to benchmark the overall future attitude of investors towards CNX using crowd psychology based on the activity and movement of CNX Resources' stock price.
CNX Resources Short Interest
A significant increase or decrease in CNX Resources' short interest from the previous month could be a good indicator of investor sentiment towards CNX. Short interest can provide insight into the potential direction of CNX Resources stock and how bullish or bearish investors feel about the market overall. An investor who is long CNX Resources may also wish to track short interest. As short interest increases, investors should be becoming more worried about CNX Resources and may potentially protect profits, hedge CNX Resources with its derivative instruments, or be ready for some potential downside.
200 Day MA 21.1741 | Short Percent 0.2463 | Short Ratio 8.43 | Shares Short Prior Month 31.1 M | 50 Day MA 22.0054 |
CNX Resources Corp Hype to Price Pattern
Investor biases related to CNX Resources' public news can be used to forecast risks associated with an investment in CNX. The trend in average sentiment can be used to explain how an investor holding CNX can time the market purely based on public headlines and social activities around CNX Resources Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of CNX Resources' market sentiment to its price can help taders to make decisions based on the overall investors consensus about CNX Resources.
CNX Resources Implied Volatility | 59.24 |
CNX Resources' implied volatility exposes the market's sentiment of CNX Resources Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CNX Resources' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that CNX Resources stock will not fluctuate a lot when CNX Resources' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in CNX Resources. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in CNX Resources to buy its stock at a price that has no basis in reality. In that case, they are not buying CNX because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
CNX Resources after-hype prediction price | USD 23.83 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current CNX contract
Based on the Rule 16, the options market is currently suggesting that CNX Resources Corp will have an average daily up or down price movement of about 3.7% per day over the life of the 2024-04-19 option contract. With CNX Resources trading at USD 24.0, that is roughly USD 0.89 . If you think that the market is fully incorporating CNX Resources' daily price movement you should consider acquiring CNX Resources Corp options at the current volatility level of 59.24%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
CNX |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CNX Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CNX Resources After-Hype Price Prediction Density Analysis
As far as predicting the price of CNX Resources at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in CNX Resources or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of CNX Resources, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
CNX Resources Estimiated After-Hype Price Volatility
In the context of predicting CNX Resources' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on CNX Resources' historical news coverage. CNX Resources' after-hype downside and upside margins for the prediction period are 22.19 and 25.47, respectively. We have considered CNX Resources' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
CNX Resources is very steady at this time. Analysis and calculation of next after-hype price of CNX Resources Corp is based on 3 months time horizon.
CNX Resources Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as CNX Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CNX Resources backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with CNX Resources, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.29 | 1.64 | 0.13 | 0.04 | 12 Events / Month | 14 Events / Month | In about 12 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
24.00 | 23.83 | 0.55 |
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CNX Resources Hype Timeline
On the 19th of April CNX Resources Corp is traded for 24.00. The entity has historical hype elasticity of 0.13, and average elasticity to hype of competition of -0.04. CNX is estimated to increase in value after the next headline, with the price projected to jump to 23.83 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 0.55%, whereas the daily expected return is currently at 0.29%. The volatility of related hype on CNX Resources is about 1354.78%, with the expected price after the next announcement by competition of 23.96. The company reported the last year's revenue of 1.5 B. Total Income to common stockholders was 1.72 B with profit before taxes, overhead, and interest of 3.26 B. Considering the 90-day investment horizon the next estimated press release will be in about 12 days. Check out CNX Resources Basic Forecasting Models to cross-verify your projections.CNX Resources Related Hype Analysis
Having access to credible news sources related to CNX Resources' direct competition is more important than ever and may enhance your ability to predict CNX Resources' future price movements. Getting to know how CNX Resources' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how CNX Resources may potentially react to the hype associated with one of its peers.
CNX Resources Additional Predictive Modules
Most predictive techniques to examine CNX price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CNX using various technical indicators. When you analyze CNX charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About CNX Resources Predictive Indicators
The successful prediction of CNX Resources stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as CNX Resources Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of CNX Resources based on analysis of CNX Resources hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to CNX Resources's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to CNX Resources's related companies. | 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.14 | 0.59 | 0.53 | Price To Sales Ratio | 1.24 | 0.81 | 2.16 |
Story Coverage note for CNX Resources
The number of cover stories for CNX Resources depends on current market conditions and CNX Resources' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that CNX Resources is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about CNX Resources' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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CNX Resources Short Properties
CNX Resources' future price predictability will typically decrease when CNX Resources' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of CNX Resources Corp often depends not only on the future outlook of the potential CNX Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CNX Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 192 M | |
| Cash And Short Term Investments | 443 K |
Check out CNX Resources Basic Forecasting Models to cross-verify your projections. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for CNX Stock analysis
When running CNX Resources' price analysis, check to measure CNX Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.
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Is CNX Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CNX Resources. If investors know CNX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CNX Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.51) | Earnings Share 8.99 | Revenue Per Share 9.002 | Quarterly Revenue Growth (0.59) | Return On Assets 0.1633 |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.