In a welcome move, Cheniere Energy saw its Relative Strength Rating improve from 70 to 73 on Friday.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if Cheniere Energy can continue to show renewed price strength and clear that threshold.
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Cheniere Energy is now considered extended and out of buy range after clearing a 175.56 buy point in a first-stage saucer with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth slowed last quarter from -32% to -44%. But revenue gains moved higher, from -21% to -10%.
Cheniere Energy holds the No. 22 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok, Energy Svcs of America and DT Midstream are among the top 5 highly rated stocks within the group.
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