CHENIERE ENERGY PARTNERS LP (CQP) Stock Technical Analysis
NYSE:CQP - New York Stock Exchange, Inc. - US16411Q1013 - Currency: USD
Overall CQP gets a technical rating of 4 out of 10. Although CQP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CQP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 77% of 213 stocks in the same industry.
In the last month CQP has a been trading in the 56.19 - 62.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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, CQP's most recent performance is quite weak.
CQP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CQP is lagging the market slightly.
Although the technical rating is only medium, CQP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.52, a Stop Loss order could be placed below this zone.
More info and screens
46.23
61.89
4 important support areas can be observed.
- A support zone ranging from 57.36 to 58.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.90 to 55.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.56 from a trend line in the weekly time frame.
- Support @46.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.42 to 59.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.00 to 61.28. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CQP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CQP is neutral. |
| ChartMill Relative Strength | 70.71 | POSITIVE | CQP has a high relative strength, it outperformed 70.71% off all stocks 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 | NEGATIVE | The current price of CQP is below a declining 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) | 50.21 | NEUTRAL | The RSI value for CQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CQP has a positive trend. |
| Stochastics (14,3) | 45.12 | NEUTRAL | The Stochastics value for CQP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.09 | NEGATIVE | The low ADX value for CQP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
58.89
+0.25 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.43%
1 Week2.58%
2 Weeks3.12%
1 Month0.22%
3 Month-7.41%
6 Month1.64%
12 Month22.53%
2 Year27.63%
3 Year31.25%
5 Year68.35%
10 Year90.89%
15 Year245.19%
Volatility
ATR(14)1.64
ATR(20)%3.08%
ATR Inc-9.39%
Range Today1.29
ADR(20)1.77
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.71
Mansfield0.29
10 Day High59.81
10 Day Low56.29
20 Day High62.33
20 Day Low56.19
52 Week High68.42
52 Week Low46.73
CS1 End58.52
CR1 Start59.42
Volume & EV
DER(3)1.33%
DER(5)1.31%
Volume191.50K
Volume Incr11.42%
Vol(5)176.49K
Vol(50)149.74K