Cheniere Energy (LNG) stock is currently trading at $66.9, almost 1% higher than its 50-day moving average and 4% higher than its 200-day moving average. The stock’s 50-day moving average crossing above its 200-day moving average is considered a “golden cross” and is seen as a bullish sign.
Cheniere Energy stock has taken the support of its 200-day moving average level a couple of times in the last few months. This level of close to $64.2 could continue to act as a crucial support for it in the short term.
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Cheniere Energy’s RSI (relative strength index) was close to 44 on April 3, implying that the stock was neither oversold nor overbought.
The short interest in LNG stock increased ~6% on March 14. On February 27, the total shorted shares in Cheniere Energy amounted to 6.8 million. Its total shorted shares rose to 7.1 million on March 14.
A rise in a stock’s short interest might suggest that more investors expect the stock to fall from its current price level. A company’s short interest level indicates the number of its shares that have been sold short and not yet squared off. Short interest is a measure of investors’ anxiety.
Cheniere Energy Partners (CQP) has risen more than 17% so far this year. It’s trading 10% above its 200-day moving average with an RSI of 48.