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.
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.
46.23
4 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
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. |
58.89
+0.25 (+0.43%)