CHENIERE ENERGY PARTNERS LP (CQP) Technical Analysis
NYSE:CQP • US16411Q1013
Current stock price
CQP Technical Rating and Analysis
Overall CQP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CQP is only an average performer.
- CQP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 70% are performing better than CQP.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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 is also trading in the upper part of its 52 week range, so CQP is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that CQP is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month CQP has a been trading in the 61.76 - 70.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CQP Weekly and Daily overview Charts
CQP Setup Rating and Analysis
CQP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
CQP Support and Resistance Analysis
50.98
We found 3 important support areas.
- Support @63.53 from a trend line in the daily time frame.
- A support zone ranging from 55.28 to 55.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 51.49 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 66.85 to 67.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CQP Technical Indicator Signal Analysis
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 | 70.8 | POSITIVE | CQP has a high relative strength, it outperformed 70.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CQP is below 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) | 52.42 | NEUTRAL | The RSI value for CQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests CQP has a negative trend. |
| Stochastics (14,3) | 33.28 | NEUTRAL | The Stochastics value for CQP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.06 | POSITIVE | The high ADX value value for CQP suggests a strong trend. |
CQP Chart- and CandleStick Pattern Analysis
CQP Example Setup
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 |
|---|---|---|---|
| 67.04 | 63.52 | 3.52 (5.25%) | 19.05% |
| An entry @67.04. This is a Buy Stop order right above the resistance zone. | An exit @63.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.52 points, which is 5.25%. | For a 1.00% total portfolio risk, you can invest 19.05% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CQP. Please evaluate whether better entry and exit points can be found.
- 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.
CQP Technicals: Chart, Performance Metrics, Trend & Indicators
65.1
+0.68 (+1.06%)
CHENIERE ENERGY PARTNERS LP / CQP TA 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 CHENIERE ENERGY PARTNERS LP (CQP) stock?
CHENIERE ENERGY PARTNERS LP (CQP) has an RSI value of 52.4218. This indicates that the stock is currently neutral.
What is the MACD signal for CQP stock?
The MACD indicator for CHENIERE ENERGY PARTNERS LP (CQP) has a value of -0.451019, indicating a bearish trend.
What is the buy/sell signal for CQP stock?
The buy/sell signal for CHENIERE ENERGY PARTNERS LP (CQP) is buy as both the short term and long term trends are positive.