Cheniere Energy Partners Extends Losses To 3.75% Amid Bearish Technical Breakdown

Cheniere Energy Partners (CQP) declined 0.13% in the most recent session, marking its third consecutive daily loss and bringing the cumulative decline over this period to 3.75%. This downward momentum reflects increasing bearish pressure amidst deteriorating technical signals across multiple indicators.
Candlestick Theory
The recent price action shows a bearish continuation pattern, with three consecutive lower closes forming a Three Black Crows configuration. This pattern emerged after rejection near the $55.25 resistance level established on July 14th. Support resides around $52.31 (today's low), aligning with the psychological $52.00 level. A decisive break below this could trigger accelerated selling toward the $50.50-$51.00 range, where several swing lows from November–December 2024 converge.
Moving Average Theory
CQP trades well below all key moving averages, with the 50-day ($56.25) recently crossing below both the 100-day ($58.30) and 200-day ($56.90) averages – a bearish "death cross." The declining slope of all three averages confirms a sustained downtrend. Current price rejection near the 50-day MA during the early-July rebound demonstrated its new role as dynamic resistance, reinforcing the bearish structure.
MACD & KDJ Indicators
The MACD (12,26,9) maintains a bearish trajectory, with the histogram deepening below the zero line and the signal line expanding its negative divergence since late June. Concurrently, the KDJ oscillator (14,3,3) shows the %K line (18.5) and %D line (22.3) entrenched in oversold territory. While this KDJ positioning suggests potential short-term exhaustion, the absence of a bullish crossover or divergence indicates bearish momentum remains dominant.
Bollinger Bands
Price has broken below the lower Bollinger Band ($53.20) during the three-day decline, signaling an oversold extreme after band contraction in late June revealed diminished volatility. The expansion following this contraction validates the bearish breakout. A reversion toward the 20-day moving average midline ($54.80) would likely encounter selling pressure given the established downtrend.
Volume-Price Relationship
Volume surged to 396k shares during the July 14th upswing but has steadily decreased during subsequent declines, culminating in today's 241k shares – below the 20-day average. This divergence suggests waning selling intensity near term. However, the absence of accumulation spikes at recent lows indicates weak buyer conviction, leaving the security vulnerable to further downside if volume reaccelerates.
Relative Strength Index
The 14-day RSI reads 29.7, breaching the 30 oversold threshold for the first time since April 2025. Historically, such extremes have preceded technical bounces. However, its failure to exceed 50 during June's rally highlighted underlying weakness. While oversold conditions may invite contrarian buyers, RSI sustainability below 30 would indicate deeply entrenched bearish momentum.
Fibonacci Retracement
Mapping the primary uptrend from the August 2024 low ($47.43) to the April 2025 high ($68.42) reveals critical levels. The 61.8% retracement ($55.95) was decisively breached last week, transforming it into resistance. Current price tests the 78.6% level ($53.20), with a breakdown targeting the full retracement at $47.43. The 50% level ($57.92) now aligns with the 100-day MA, creating a confluence resistance zone.
Confluence and Divergence
Confluence exists at the $52.00-$53.20 zone, where Bollinger Band support, Fibonacci 78.6% retracement, and psychological support intersect. Significant divergence appears between deeply oversold oscillators (RSI, KDJ) and continuing bearish MACD momentum. While oversold readings suggest potential near-term consolidation, the lack of volume confirmation and moving average resistance implies intermediate downtrend integrity remains intact. A close above the 50-day MA ($56.25) would be needed to invalidate the bearish structure.