What is the Market's View on CNX Resources Corp (CNX) Stock's Price and Volume Trends Monday?

Overall market sentiment has been down on CNX Resources Corp (CNX) stock lately. CNX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

CNX Resources Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CNX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CNX Stock Today?

CNX Resources Corp (CNX) stock is lower by -1.15% while the S&P 500 is up 0.88% as of 12:43 PM on Monday, Mar 18. CNX has fallen -$0.24 from the previous closing price of $21.36 on volume of 614,159 shares. Over the past year the S&P 500 is up 30.63% while CNX is up 35.93%. CNX earned $8.99 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.35.

More About CNX Resources Corp

CNX Resources Corp is an independent oil and natural gas company. It primarily focuses on the exploration, development, production, gathering, processing, and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. In addition, it offers gas gathering and water delivery solutions to third-parties. Click Here to get the full Stock Report for CNX Resources Corp stock.