CHENIERE ENERGY PARTNERS LP (CQP) Technical Analysis
NYSE:CQP • US16411Q1013
We assign a technical rating of 8 out of 10 to CQP. Although CQP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- CQP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 69% are performing better than CQP.
- Both the short term and long term trends are positive. This is a very positive sign.
- CQP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CQP is lagging the market slightly.
- In the last month CQP has a been trading in the 56.35 - 64.45 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, CQP turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- Volume is considerably higher in the last couple of days.
Although CQP has an excellent technical rating, it does not offer a high 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.
More info and screens
50.91
When analyzing the support we can see 4 important areas.
- A support zone ranging from 59.68 to 59.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 55.98 to 56.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.44 from a trend line in the daily time frame.
- A support zone ranging from 51.42 to 51.57. 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 | UP | POSITIVE | The long term trend for CQP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CQP is up. |
| ChartMill Relative Strength | 61.03 | 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) | UP | POSITIVE | The current price of CQP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.89 | OVERBOUGHT | The high RSI value suggests CQP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests CQP has a positive trend. |
| Stochastics (14,3) | 92.55 | OVERBOUGHT | The high Stochastics value suggests CQP may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 42.05 | POSITIVE | The high ADX value value for CQP suggests a strong trend. |
CQP Technicals: Chart, Performance Metrics, Trend & Indicators
64.11
+0.38 (+0.6%)
CHENIERE ENERGY PARTNERS LP / CQP FAQ
What is the technical rating for CQP stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for CQP stock?
CHENIERE ENERGY PARTNERS LP (CQP) has an RSI value of 74.8925. This indicates that the stock is currently overbought.
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 59.94. Check the full technical report for our detailed analysis of CQP support and resistance levels.