CHENIERE ENERGY PARTNERS LP (CQP) Stock Technical Analysis
USA - NYSE:CQP - US16411Q1013
Overall CQP gets a technical rating of 2 out of 10. CQP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
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49.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 52.08 to 53.64. 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 50.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 54.41 to 55.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.50 from a horizontal line in the daily time frame.
- Resistance @61.00 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CQP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CQP is neutral. |
| ChartMill Relative Strength | 54.65 | 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) | DOWN | MIXED | The current price of CQP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CQP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.64 | NEUTRAL | The RSI value for CQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CQP has a positive trend. |
| Stochastics (14,3) | 84.18 | OVERBOUGHT | The high Stochastics value suggests CQP may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for CQP suggests a weak or negative trend. |
54.4
-0.13 (-0.24%)
CHENIERE ENERGY PARTNERS LP / CQP FAQ
What is the technical rating for CQP stock?
ChartMill assigns a technical rating of 2 / 10 to CQP.
Can you provide the trend direction for CHENIERE ENERGY PARTNERS LP?
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 59.6422. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHENIERE ENERGY PARTNERS LP?
The MACD indicator for CHENIERE ENERGY PARTNERS LP (CQP) has a value of 0.272289, indicating a bearish trend.
What are the support and resistance levels for CHENIERE ENERGY PARTNERS LP (CQP) stock?
CHENIERE ENERGY PARTNERS LP (CQP) has a support level at 53.64 and a resistance level at 54.41. Check the full technical report for our detailed analysis of CQP support and resistance levels.