CORE & MAIN INC-CLASS A (CNM)

US21874C1027 - Common Stock

50.54  +0.41 (+0.82%)

Premarket: 52 +1.46 (+2.89%)

Technical Rating and Analysis

7

Overall CNM gets a technical rating of 7 out of 10. CNM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CNM is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 85% of 48 stocks in the same industry.
CNM has an average volume of 2540570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CNM is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CNM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNM is lagging the market slightly.
In the last month CNM has a been trading in the 44.70 - 57.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
CNM Weekly chart
CNM Daily chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, CNM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

Support and Resistance Analysis

40.99

56.35

6 important support areas can be observed.

  • A support zone ranging from 50.12 to 50.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 47.19 to 47.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @44.74 from a trend line in the weekly time frame.
  • Support @43.87 from a trend line in the daily time frame.
  • Support @42.38 from a horizontal line in the daily time frame.
  • Support @41.40 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

  • Resistance @53.87 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 55.20 to 55.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.26
Mansfield-0.62
10 Day High55.77
10 Day Low49.02
20 Day High57.23
20 Day Low44.71
52 Week High62.15
52 Week Low37.22
Performance
1 Week-3.2%
2 Weeks-6.16%
1 Month13.39%
3 Month16.42%
6 Month-1.96%
12 Month27.37%
2 Year161.73%
3 Year66.58%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.49
RSI(14)52.8
LBB49.42
UBB56.24
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
53.8850.113.77 (7.00%)14.29%
An entry @53.88. This is a Buy Stop order right above the resistance zone.An exit @50.11. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.77 points, which is 7.00%.When investing 14.29% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CNM Daily chart

CORE & MAIN INC-CLASS A

NYSE:CNM (12/20/2024, 8:04:00 PM)

Premarket: 52 +1.46 (+2.89%)

50.54

+0.41 (+0.82%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.82%
1 Week-3.2%
2 Weeks-6.16%
1 Month13.39%
3 Month16.42%
6 Month-1.96%
12 Month27.37%
2 Year161.73%
3 Year66.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.4
ATR(20)%4.2%
ATR Inc-24.81%
Range Today1.95
ADR(20)1.77
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.26
Mansfield-0.62
10 Day High55.77
10 Day Low49.02
20 Day High57.23
20 Day Low44.71
52 Week High62.15
52 Week Low37.22
CS1 End50.53
CR1 Start53.87
Volume & EV
DER(3)-1.31%
DER(5)0.07%
Volume10.22M
Volume Incr30.14%
Vol(5)3.81M
Vol(50)2.54M