Cheniere Energy’s moving averages
Cheniere Energy (LNG) recently went below its longer-term (200-day) moving average. That could indicate a bearish sentiment for the stock. It was trading 6.0% below its 50-day SMA (simple moving average) and 0.80% below its 200-day SMA as of August 3, 2017. Cheniere Energy’s peers Kinder Morgan (KMI) and Energy Transfer Equity (ETE) are trading 2.7% and 3.1% below their 200-day moving averages, respectively.
Short interest in Cheniere Energy
Short interest in Cheniere Energy was 13.5 million shares as of August 3, 2017. At the same time, short interest in Cheniere Energy as a percentage of float ratio was ~5.8%. The current short interest in Cheniere Energy is slightly higher than last month’s average of ~5.7%. A rise in short interest reflects an increase in short positions that have not been closed. That might indicate a bearish sentiment in Cheniere Energy stock. However, short interest in Cheniere Energy is still lower than the one-year and three-year average of 6.5% and 8.1%, respectively.
Cheniere Energy’s relative strength index
Cheniere Energy’s RSI (relative strength index) was 28.2 as of August 3, 2017. It has entered “oversold” territory. RSI is a momentum indicator with values ranging from zero to 100. An RSI value below 30 for a stock indicates that it is “oversold,” while an RSI value above 70 indicates that it has entered an “overbought” zone. These extreme RSI levels for Cheniere Energy might result in a trend reversal.