Cheniere Energy Stock Forecast
Evaluation of Cheniere Energy stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Cheniere Energy stock price fell by -0.93% on the last day (Wednesday, 24th Apr 2024) from $158.90 to $157.42. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.66% from a day low at $155.78 to a day high of $158.37. The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume has increased on the last day by 299 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $329.90 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.29% during the next 3 months and, with a 90% probability hold a price between $147.06 and $158.14 at the end of this 3-month period.
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LNG Signals & Forecast
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. The Cheniere Energy stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $158.61 and $158.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -2.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, April 17, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 17, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Cheniere Energy stock
Cheniere Energy finds support from accumulated volume at $156.18 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 $2.59 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LNG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Cheniere Energy, Inc to open at $157.19, and during the day (based on 14 day Average True Range), to move between $154.54 and $160.30, which gives a possible trading interval of +/-$2.88 (+/-1.83%) up or down from last closing price. If Cheniere Energy, Inc takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $157.68 (0.17%) than the support at $156.18 (0.79%), 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, Inc stock A Buy?
Cheniere Energy holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.572 Strong Sell Candidate Downgraded
Predicted Opening Price for Cheniere Energy, Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$157.19 ( 0.147%) | $157.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LNG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 159.77 | 1.49 % | |
R2 | 158.79 | 0.87 % | ||
R1 | 158.18 | 0.480 % | ||
Current price: | 157.42 | |||
Support | S1 | 156.20 | -0.774 % | |
S2 | 155.59 | -1.16 % | ||
S3 | 154.60 | -1.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 157.99 | 0.362 % | |
R2 | 157.73 | 0.197 % | ||
R1 | 157.68 | 0.165 % | ||
Current price | 157.42 | |||
Support | S1 | 156.18 | -0.788% | |
S2 | 153.27 | -2.64% | ||
S3 | 153.18 | -2.69% |
LNG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 26, 2024 | Feb 05, 2024 | Feb 23, 2024 | $0.435 | 0.276% |
2 | Oct 30, 2023 | Nov 08, 2023 | Nov 17, 2023 | $0.440 | 0.254% |
3 | Jul 28, 2023 | Aug 08, 2023 | Aug 16, 2023 | $0.395 | 0.247% |
4 | Apr 28, 2023 | May 09, 2023 | May 17, 2023 | $0.395 | 0.277% |
5 | Feb 06, 2023 | Feb 06, 2023 | May 17, 2023 | $0.395 | 0.277% |
FAQ
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