Cheniere Energy Partners LP. Stock Forecast
Red day on Tuesday for Cheniere Energy Partners LP. stock after losing 0.263%
(Updated on Jul 02, 2024)
The Cheniere Energy Partners LP. stock price fell by -0.263% on the last day (Tuesday, 2nd Jul 2024) from $49.39 to $49.26. During the last trading day the stock fluctuated 1.95% from a day low at $48.76 to a day high of $49.71. The price has risen in 6 of the last 10 days and is up by 4.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 41 thousand shares were bought and sold for approximately $2.01 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cheniere Energy Partners LP. stock with a 90% probability to be traded between $46.50 and $51.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CQP Signals & Forecast
The Cheniere Energy Partners LP. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.88 and $48.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 4.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Cheniere Energy Partners LP. stock
Cheniere Energy Partners LP. finds support from accumulated volume at $49.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.95 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $47.22 (-4.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (CQP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cheniere Energy Partners LP. to open at $49.24, and during the day (based on 14 day Average True Range), to move between $48.25 and $50.27, which gives a possible trading interval of +/-$1.01 (+/-2.06%) up or down from last closing price. If Cheniere Energy Partners LP. takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.33 (0.14%) than the support at $49.06 (0.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Cheniere Energy Partners LP. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cheniere Energy Partners LP. stock to perform well in the short-term period.
Current score: 3.391 Buy Candidate Unchanged
Predicted Opening Price for Cheniere Energy Partners LP. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$49.24 ( 0.0326%) | $49.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CQP
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.19 | 1.89% |
R2 | 49.83 | 1.16% |
R1 | 49.61 | 0.704% |
Price | 49.26 | |
S1 | 48.88 | -0.769% |
S2 | 48.66 | -1.22% |
S3 | 48.29 | -1.96% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.54 | 0.568% |
R2 | 49.36 | 0.203% |
R1 | 49.33 | 0.142% |
Price | 49.26 | |
S1 | 49.06 | -0.406% |
S2 | 48.74 | -1.06% |
S3 | 47.60 | -3.37% |
CQP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | May 08, 2024 | May 15, 2024 | $0.81 | 1.70% |
2 | Jan 26, 2024 | Feb 06, 2024 | Feb 14, 2024 | $1.04 | 2.05% |
3 | Oct 27, 2023 | Nov 03, 2023 | Nov 14, 2023 | $1.03 | 1.78% |
4 | Jul 28, 2023 | Aug 04, 2023 | Aug 14, 2023 | $1.03 | 2.07% |
5 | Apr 28, 2023 | May 05, 2023 | Aug 14, 2023 | $1.03 | 2.07% |
FAQ
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