ENBRIDGE ENERGY PARTNERS L P (EEP) Stock Technical Analysis
NYSE:EEP - New York Stock Exchange, Inc. -
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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. The S&P500 Index however is trading in the upper part of its 52 week range, so EEP is lagging the market.
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
12.77
When analyzing the support we can see 2 important areas.
- Support @10.10 from a trend line in the daily time frame.
- Support @9.31 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.43
+0.16 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.56%
1 Week-1.51%
2 Weeks-4.49%
1 Month-6.04%
3 Month-10.09%
6 Month3.57%
12 Month-24.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%3.08%
ATR Inc21.6%
Range Today0.37
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.88
Mansfield0.08
10 Day High10.89
10 Day Low10.21
20 Day High11.27
20 Day Low10.21
52 Week High15.56
52 Week Low8.89
CS1 End10.1
CR1 Start10.58
Volume & EV
DER(3)5.13%
DER(5)1.88%
Volume54.65M
Volume Incr354.05%
Vol(5)17.02M
Vol(50)4.46M