ENBRIDGE ENERGY PARTNERS L P (EEP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EEP
Taking everything into account, EEP scores 0 out of 10 in our technical rating. EEP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, EEP is a bad performer in the overall market: 61% of all stocks are doing better.
- EEP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month EEP has a been trading in the 10.21 - 11.27 range, which is quite wide. It is currently trading near the lows of this range.
- EEP has an average volume of 4463660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, EEP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.58. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EEP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.22
2 important support areas can be observed.
- Support @10.10 from a trend line in the daily time frame.
- Support @9.31 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.58 to 10.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.61 to 11.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.64 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for EEP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EEP is down. |
| ChartMill Relative Strength | 39.88 | NEUTRAL | EEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EEP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EEP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.1 | NEUTRAL | The RSI value for EEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EEP has a negative trend. |
| Stochastics (14,3) | 17.49 | OVERSOLD | The low Stochastics value suggests EEP may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for EEP suggests some volalility. |
10.43
+0.16 (+1.56%)
ENBRIDGE ENERGY PARTNERS L P / EEP FAQ
What is the ChartMill technical rating of ENBRIDGE ENERGY PARTNERS L P (EEP) stock?
ChartMill assigns a technical rating of 0 / 10 to EEP.
What is the trend direction for EEP stock?
The current trend direction for ENBRIDGE ENERGY PARTNERS L P (EEP) is Bearish.
What is the RSI signal for ENBRIDGE ENERGY PARTNERS L P (EEP) stock?
ENBRIDGE ENERGY PARTNERS L P (EEP) has an RSI value of 43.1027. This indicates that the stock is currently neutral.
What is the short term momentum for EEP stock?
The short term momentum for ENBRIDGE ENERGY PARTNERS L P (EEP) is negative.
What is the buy/sell signal for EEP stock?
The buy/sell signal for ENBRIDGE ENERGY PARTNERS L P (EEP) is sell as both the short term and long term trends are negative.