Cheniere Energy’s moving averages
Recently, Cheniere Energy (LNG) went below its 200-day moving average. It might indicate bearish sentiment in the stock. However, positive third-quarter earnings could push the LNG exporter above its long-term moving average and result in bullish sentiment. Cheniere Energy was trading 0.5% above its 50-day simple moving average and 3.8% % below its 200-day simple moving average as of October 25, 2017. Cheniere Energy’s peers, Energy Transfer Equity (ETE) and Kinder Morgan (KMI) are trading 10.2% and 12.4% below their 200-day moving average.
Short interest in Cheniere Energy
The short interest in Cheniere Energy was 15.5 million shares as of October 25, 2017. At the same time, the short interest in Cheniere Energy as a percentage of float ratio was 6.61%. The current short interest in Cheniere Energy is slightly higher than last month’s average of 6.28%. It might indicate bearish sentiment in the stock. However, the short interest in Cheniere Energy is still lower compared to the three-year average of 7.94%.
Cheniere Energy’s RSI
Cheniere Energy’s RSI (relative strength index) was 32.1 as of October 26. Cheniere Energy is close to entering the “oversold” territory. An RSI value below 30 indicates that a stock is “oversold.” On the other hand, an RSI value above 70 indicates that it’s “overbought.”
Next, we’ll analyze Cheniere Energy’s current valuation.