CHENIERE ENERGY PARTNERS LP (CQP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CQP • US16411Q1013
Taking everything into account, CQP scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CQP is a bad performer.
- When comparing the yearly performance of all stocks, CQP is a bad performer in the overall market: 63% of all stocks are doing better.
- CQP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 62% of 207 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- CQP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CQP is lagging the market.
- In the last month CQP has a been trading in the 52.57 - 58.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CQP has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
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49.98
3 important support areas can be observed.
- A support zone ranging from 54.38 to 55.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.85 to 53.47. This zone is formed by a combination of multiple trend lines 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.
We found 1 important resistance area.
- A resistance zone ranging from 56.40 to 57.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 37.53 | 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) | DOWN | MIXED | The current price of CQP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.46 | NEUTRAL | The RSI value for CQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CQP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.2 | OVERBOUGHT | The high Stochastics value suggests CQP may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CQP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for CQP suggests a possible start of a new trend. |
56.39
-1.1 (-1.91%)
CHENIERE ENERGY PARTNERS LP / CQP FAQ
What is the technical rating for CQP stock?
ChartMill assigns a technical rating of 7 / 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 57.4554. This indicates that the stock is currently neutral.
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 55.38 and a resistance level at 56.4. Check the full technical report for our detailed analysis of CQP support and resistance levels.