LNG closes within prior day's range after lackluster session
Cheniere Energy Inc. (LNG) Technical Analysis Report for Mar 27, 2020 | by Techniquant Editorial Team
LNG ended the week -4.37% lower at 33.51 after losing $1.21 (-3.49%) today on low volume, slightly underperforming the S&P 500 (-3.37%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session.
Daily Candlestick Chart (LNG as at Mar 27, 2020):
Friday's trading range has been $2.26 (6.59%), that's far below the last trading month's daily average range of $3.83. Weekly volatility is also lower, being below the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for LNG.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.