Cheniere Energy Partners, L.P., Cheniere Energy, Inc., HollyFrontier Corp are the ones to notice as they lead energy stocks on an uptrend.
Leading equity indices in the US rose as Nasdaq closed the day at 11,300, having gained 0.99%. S&P 500 gained 0.59% and closed at 4,027.26.
On the other hand, highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading of -3.69 million.
What is an uptrend?
A trend is the overall direction of a market or an asset's trading price over a certain period. An uptrend is when the price is generally pointing upwards; there can be certain periods of time when the price falls, yet the trend remains in an upward direction.
An 11 day uptrend, rises by 12.02%: Cheniere Energy Partners levels up 1.06% in yesterday's session; traders eye opening bell in 16 hours time
Keeping up its 11 days of climbing (+$5.83), yesterday continued on the same track for Cheniere Energy Partners — after closing at $60.19 yesterday, Cheniere Energy Partners maintained a strong bullish bias that helped the stock close higher at $60.19. However, market bears ensured the the LNG provider topped out at $60.67 and that by the end of the session, the market had marked out a distinct $58.61 to $60.67 range. Daily trading volume (373,258 shares) increased, making up 179% of the 21-day average (208,552).
A 9 day, 6.82% uptrend: Bullish mood lifts Cheniere Energy to session high of $173.41
Cheniere Energy stayed on track yesterday: Cheniere Energy recovered from the previous trading session's losses and went up to $172.8 yesterday after it traded lower at $170.3. Cheniere Energy is on a 9 day bullish run gaining $10.71 (6.82%). Yesterday's trading volume was 1.13 million shares which is below the 21-day average of 2.36 million.
The company has a market cap of $42.97 billion with an average daily trading volume of 2.36 million shares. 23 days ago the liquefied natural gas exporter reached a significant high of $179.86 but has consequently lost 4.11% since then. So far in 2022, it has been outperforming the Nasdaq by 109.52%. The stock has been trending positively for about a month. Cheniere Energy's last revenue report was $8.85 billion with an EPS of $7.8.
A 9 day uptrend, ascends by 2.74%: HollyFrontier gains 2% within $35.05 to $37.26 daily range
HollyFrontier continues a 9 day uptrend, gaining a total of 2.74%. on-trend HollyFrontier closed the session yesterday with more of the same: HollyFrontier went up to $36.39 yesterday after ending Tuesday at $35.68. Overall, a 2% move or 71 cents. Daily trading volume (4.78 million shares) increased, making up 119% of the 21-day average (4 million).
A 13.85% increase in 4 days: PetroChina traders look to claw back yesterday's 0.51% decline to maintain ongoing trend
Though in the midst of a 4 day uptrend, gaining a total of 13.85%, ($5.94), yesterday's session suggests run might be coming to an end — during yesterday's session, PetroChina toiled and struggled for upward momentum before closing at $46.85. By the close, the the Chinese oil and gas company suffered a 24 cents or 0.51% loss. PetroChina's recent uptrend could be petering out after the company eclipsed its average daily volume of 41,541 by 441% today.