Stocks Generating Improved Relative Strength: Cheniere Energy

robot
Abstract generation in progress

With natural gas in short supply amid blockage in the strait of Hormuz, gas companies like Cheniere Energy (LNG) are seeing strong growth.

Cheniere is within a few points of its all-time high. It’s been consolidating for over a year after hitting a record 257.65 on Jan 17, 2025. Shares of the Houston-based company traded as high as 255.78 on Tuesday. It’s faded a bit from that level amid this week’s market retreat.

				    ↑
					X

This video file cannot be played.(Error Code: 102630)

								How To Trade Options: Choosing The Right Strategy For Best Results
							

							

								See All Videos
							

						

					
					
						NOW PLAYING
						How To Trade Options: Choosing The Right Strategy For Best Results

On Thursday, the IBD Relative Strength (RS) Rating for LNG stock climbed up to a higher percentile, with a upgrade from 67 the day before to 71 Thursday.


When To Sell Stocks To Lock In Profits And Minimize Losses


Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they launch their largest runs. See if Cheniere Energy can continue to rebound and clear that threshold.

Cheniere Energy is working on a consolidation with a 257.65 buy point. See if the stock can break out in volume at least 40% higher than normal.

Earnings grew 147% last quarter, up from 21% in the prior report. Revenue also increased, from 18% to 23%.

The company holds the No. 10 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Knot Offshore Partners (KNOP), DHT Holdings (DHT) and Golar LNG (GLNG) are among the top 5 highly rated stocks within the group.

The exclusive Relative Strength Rating from Investor’s Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.

This article was created automatically with Stats Perform’s Wordsmith software using data and article templates supplied by Investor’s Business Daily. An IBD journalist may have edited the article.

RELATED:

Which Stocks Are Showing Improved Technical Action?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin