RSI Signals Buy Dips in LNG Near $189.31
BullishCheniere Energy Inc (LNG) closed down 0.54% at $189.31 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price sits below both the 9-day ($191.08) and 21-day ($195.65) EMAs, suggesting short-term weakness.
Momentum
RSI at 24.5 is approaching oversold territory, which may present buying opportunities. MACD is bullish (-5.69 vs signal -5.91).
Volatility
Bollinger Band width at 16.9% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $180.03.
Key levels to watch: Support at $180.03, Resistance at $213.23.