CHENIERE ENERGY PARTNERS LP (CQP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CQP - US16411Q1013
Overall CQP gets a technical rating of 2 out of 10. In the past year, CQP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, CQP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 53.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CQP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
49.98
We found 2 important support areas.
- A support zone ranging from 52.99 to 53.12. 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 50.48 to 51.57. 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 53.46 to 53.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.93 to 55.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.84 from a horizontal line in the weekly 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 | 35.68 | NEUTRAL | CQP is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CQP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.25 | NEUTRAL | The RSI value for CQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CQP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.11 | NEUTRAL | The Stochastics value for CQP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.21 | NEGATIVE | The low ADX value for CQP suggests a weak or negative trend. |
53.25
-0.23 (-0.43%)
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 48.2469. 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 -0.158024, 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 53.12 and a resistance level at 53.46. Check the full technical report for our detailed analysis of CQP support and resistance levels.