Crestwood Equity Partners LP [Ceqp/P] (CEQ-) Stock Technical Analysis
NYSE:CEQ- -
Taking everything into account, CEQ- scores 6 out of 10 in our technical rating. In the last year, CEQ- was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although the technical rating is only medium, CEQ- does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CEQ- in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.90
We found 2 important support areas.
- A support zone ranging from 9.27 to 9.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.99 to 9.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.75 to 9.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CEQ- is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CEQ- is neutral. |
| ChartMill Relative Strength | 86.15 | POSITIVE | CEQ- has a high relative strength, it outperformed 86.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEQ- is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CEQ- is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEQ- is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.21 | NEUTRAL | The RSI value for CEQ- is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CEQ- has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests CEQ- may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for CEQ- suggests low volalility. |
| Average Directional Index/ADX (14) | 25.74 | POSITIVE | The high ADX value value for CEQ- suggests a strong trend. |
Crestwood Equity Partners LP [Ceqp/P]
NYSE:CEQ- (11/2/2023, 8:04:00 PM)
After market: 9.77 +0.02 (+0.21%)9.75
+0.01 (+0.1%)