CHENIERE ENERGY PARTNERS LP (CQP)       43.18  +0.04 (+0.09%)

43.18  +0.04 (+0.09%)

US16411Q1013 - After market: 43.18 0 (0%)

Technical Rating

0

Overall CQP gets a technical rating of 0 out of 10. CQP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
81% of all other stocks performed better in the past year than CQP.
CQP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 68% of 380 stocks in the same industry do better.
CQP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month CQP has a been trading in the 42.96 - 53.28 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -11.30% -26.55% -16.58% -21.93% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 19.19 40.2 - 62.08
CQP Weekly chart
CQP Daily chart

Support/Resistance Analysis


42.70

61.21
When analyzing the support we notice one important area.
  • A support zone ranging from 43.13 to 43.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 50.13 to 50.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @56.81 from a horizontal line in the daily time frame.
  • Resistance @60.60 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

2

The technical rating of CQP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


CQP Daily chart

CHENIERE ENERGY PARTNERS LP43.18

NYSEARCA:CQP (3/20/2023, 8:04:02 PM)+0.04 (+0.09%)

After market: 43.18 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today 0.09% 1 Week -9.74%
2 Weeks -13.41% 1 Month -11.3%
3 Month -26.55% 6 Month -16.58%

Volatility
ATR(14) 1.89 ATR(20)% 4.56%
ATR Inc 9.09% Range Today 1.12

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 19.19 Mansfield -1.76
10 Day High 50.06 10 Day Low 42.96
20 Day High 53.28 20 Day Low 42.96
52 Week High 62.08 52 Week Low 40.2
CS1 End 43.13 CR1 Start 50.13

Volume & EV
DER(3) -3.92% DER(5) -3.5%
Volume 170.90K Volume Incr 71.34%
Vol(5) 619.78K Vol(50) 272.67K

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