CNX Resources (CNX) Loses -20.28% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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CNX Resources (CNX) has experienced a significant decline of 20.28% over the past four weeks. However, the stock is now in oversold territory, suggesting that the selling pressure may have been exhausted. Additionally, Wall Street analysts are in strong agreement about raising earnings estimates, which could indicate a potential trend reversal for CNX.
January 23, 2025 | 4:00 pm
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CNX Resources has seen a 20.28% decline in the past month, but the stock is now oversold. Analysts are raising earnings estimates, suggesting a potential trend reversal.
The stock's oversold status indicates that the selling pressure may have been overdone, and the consensus among analysts to raise earnings estimates suggests positive future performance. These factors combined increase the likelihood of a trend reversal.
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