CNX
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CNX Resources Corporation (CNX) closed at $40.27 as of 2026-02-02, trading 62.3% above its 200-week moving average of $24.81. The stock moved further from the line this week, up from 57.0% last week. The 14-week RSI sits at 67, indicating neutral momentum.
Over the past 1349 weeks of data, CNX has crossed below its 200-week moving average 22 times. On average, these episodes lasted 26 weeks. Historically, investors who bought CNX at the start of these episodes saw an average one-year return of +5.1%.
With a market cap of $5.8 billion, CNX is a mid-cap stock. The company generates a free cash flow yield of 9.5%, which is notably high. Return on equity stands at 15.0%, a solid level. The stock trades at 1.3x book value.
The company has been aggressively buying back shares, reducing its share count by 26.9% over the past three years.
Over the past 25.9 years, a hypothetical investment of $100 in CNX would have grown to $1254, compared to $754 for the S&P 500. That represents an annualized return of 10.2% vs 8.1% for the index — confirming CNX as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: CNX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CNX Crosses Below the Line?
Across 22 historical episodes, buying CNX when it crossed below its 200-week moving average produced an average return of +2.8% after 12 months (median -13.0%), compared to +8.8% for the S&P 500 over the same periods. 45% of those episodes were profitable after one year. After 24 months, the average return was +13.5% vs +20.1% for the index.
Each line shows $100 invested at the moment CNX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CNX has crossed below its 200-week MA 22 times with an average 1-year return of +5.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2000 | May 2000 | 6 | 10.3% | +226.6% | +1082.8% |
| Jul 2002 | Feb 2003 | 32 | 36.7% | +68.2% | +789.2% |
| Mar 2003 | May 2003 | 8 | 10.7% | +66.6% | +612.6% |
| Sep 2003 | Sep 2003 | 1 | 0.4% | +97.7% | +493.0% |
| Sep 2008 | Oct 2009 | 53 | 53.1% | +18.7% | +42.1% |
| Oct 2009 | Nov 2009 | 2 | 6.1% | -13.3% | +20.4% |
| Nov 2009 | Dec 2009 | 2 | 4.4% | +4.8% | +17.5% |
| Feb 2010 | Feb 2010 | 1 | 1.0% | +8.2% | +11.6% |
| Mar 2010 | Dec 2010 | 41 | 29.8% | +19.5% | +12.6% |
| Feb 2011 | Feb 2011 | 2 | 3.3% | -22.5% | +8.1% |
| May 2011 | May 2011 | 1 | 1.2% | -26.8% | +7.5% |
| Jun 2011 | Jun 2011 | 2 | 4.4% | -38.1% | +10.6% |
| Aug 2011 | Oct 2013 | 114 | 31.4% | -29.1% | +21.9% |
| Oct 2013 | Dec 2013 | 6 | 5.2% | +1.3% | +34.2% |
| Jan 2014 | Jan 2014 | 1 | 0.6% | -15.4% | +33.7% |
| Feb 2014 | Feb 2014 | 1 | 0.7% | -11.9% | +34.2% |
| Sep 2014 | Nov 2014 | 6 | 13.1% | -71.6% | +31.6% |
| Dec 2014 | May 2018 | 182 | 83.7% | -78.9% | +32.3% |
| Aug 2018 | Aug 2018 | 1 | 1.1% | -52.0% | +165.1% |
| Sep 2018 | Oct 2018 | 8 | 6.9% | -45.1% | +169.9% |
| Nov 2018 | Jan 2021 | 111 | 59.6% | -43.7% | +198.1% |
| Aug 2021 | Aug 2021 | 3 | 8.8% | +49.7% | +250.8% |
| Average | 26 | — | +5.1% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02