Eqm Midstream Partners LP (EQM) Stock Technical Analysis
NYSE:EQM - New York Stock Exchange, Inc. -
Taking everything into account, EQM scores 5 out of 10 in our technical rating. EQM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
EQM has an average volume of 2093330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, EQM did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EQM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EQM is lagging the market slightly.
In the last month EQM has a been trading in the 18.13 - 23.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
EQM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.48, a Stop Loss order could be placed below this zone.
More info and screens
12.91
26.25
3 important support areas can be observed.
- A support zone ranging from 19.46 to 19.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.68 to 18.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.04 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 22.67 to 23.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.43 from a horizontal line in the daily time frame.
- Resistance @25.28 from a trend line in the weekly time frame.
- Resistance @25.99 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 | NEUTRAL | NEUTRAL | The long term trend for EQM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EQM is neutral. |
| ChartMill Relative Strength | 71.68 | POSITIVE | EQM has a high relative strength, it outperformed 71.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EQM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EQM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.06 | NEUTRAL | The RSI value for EQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EQM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.75 | NEUTRAL | The Stochastics value for EQM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for EQM suggests high 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)
21.43
+0.06 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.28%
1 Week-2.1%
2 Weeks7.58%
1 Month13.21%
3 Month73.52%
6 Month-22.72%
12 Month-51.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.7
ATR(20)%7.38%
ATR Inc205.48%
Range Today2.47
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
CRS71.68
Mansfield-2.07
10 Day High23.98
10 Day Low18.4
20 Day High23.98
20 Day Low18.13
52 Week High45
52 Week Low7.34
CS1 End19.48
CR1 Start22.67
Volume & EV
DER(3)0.14%
DER(5)0.02%
Volume21.47M
Volume Incr489.03%
Vol(5)7.34M
Vol(50)2.09M