CHENIERE ENERGY PARTNERS LP (CQP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CQP - US16411Q1013
We assign a technical rating of 6 out of 10 to CQP. CQP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 70% of all other stocks performed better in the past year than CQP.
- CQP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 60% are performing better than CQP.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CQP has a been trading in the 52.57 - 57.56 range, which is quite wide. It is currently trading near the high of this range.
- CQP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CQP is lagging the market.
CQP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 56.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.58, a Stop Loss order could be placed below this zone.
More info and screens
49.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 52.85 to 54.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.48 to 51.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.28 to 56.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CQP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CQP is up. |
| ChartMill Relative Strength | 30.54 | NEUTRAL | CQP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CQP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CQP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CQP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.62 | NEUTRAL | The RSI value for CQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CQP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.36 | NEUTRAL | The Stochastics value for CQP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for CQP suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.92 | 53.24 | 3.68 (6.47%) | 15.47% |
| An entry @56.92. This is a Buy Stop order right above the resistance zone. | An exit @53.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.68 points, which is 6.47%. | For a 1.00% total portfolio risk, you can invest 15.47% of your capital in this trade. |
- 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.
56.11
-0.48 (-0.85%)
CHENIERE ENERGY PARTNERS LP / CQP FAQ
What is the technical rating for CQP stock?
ChartMill assigns a technical rating of 6 / 10 to CQP.
What is the current trend direction of CHENIERE ENERGY PARTNERS LP (CQP) stock?
The current trend direction for CHENIERE ENERGY PARTNERS LP (CQP) is Bearish.
What is the RSI signal for CQP stock?
CHENIERE ENERGY PARTNERS LP (CQP) has an RSI value of 60.6161. This indicates that the stock is currently neutral.
What is the short term momentum for CHENIERE ENERGY PARTNERS LP (CQP) stock?
The short term momentum for CHENIERE ENERGY PARTNERS LP (CQP) is positive.
What is the support and resistance level for CQP stock?
CHENIERE ENERGY PARTNERS LP (CQP) has a support level at 54.58 and a resistance level at 56.28. Check the full technical report for our detailed analysis of CQP support and resistance levels.