Should You Buy CNX Resources Corp (CNX) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
CNX is **not a good buy right now** for a **beginner, long-term** investor who wants to deploy capital immediately. The stock is in a longer-term uptrend, but near-term momentum is weakening (RSI soft, MACD contracting) and **earnings (Jan 29 pre-market)** adds a binary event risk. With **hedge funds selling aggressively**, and multiple Wall Street firms sitting at **Underweight** with price targets mostly **below the current ~$36.4**, the risk/reward for buying today is unfavorable.
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Technical Analysis
Trend/structure is still constructive, but short-term is shaky.
- **Moving Averages:** Bullish stack (**SMA_5 > SMA_20 > SMA_200**) = longer-term uptrend intact.
- **MACD:** Histogram **+0.0969** (positive) but **contracting**, implying upside momentum is fading.
- **RSI (6): 42.6** = weak/neutral, not oversold, suggesting no “forced” bounce setup.
- **Key levels:** Pivot **36.724** (price slightly below pivot is mildly bearish short-term). Support **35.205** then **34.266**. Resistance **38.244** then **39.183**.
- **Pattern-based expectation:** modestly negative bias next week (data suggests ~-1.05% next week).
