Eqm Midstream Partners LP (EQM) Technical Analysis
NYSE:EQM
Current stock price
EQM Technical Rating and Analysis
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 Weekly and Daily overview Charts
EQM Setup Rating and Analysis
Although the technical rating is only medium, EQM does present a nice setup opportunity. 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
EQM Support and Resistance Analysis
12.91
We found 3 important support areas.
- 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.
We can see 4 important resistance areas.
- 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.
EQM Technical Indicator Signal Analysis
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. |
EQM Chart- and CandleStick Pattern Analysis
EQM Technicals: Chart, Performance Metrics, Trend & Indicators
21.43
+0.06 (+0.28%)
Eqm Midstream Partners LP / EQM TA FAQ
What is the technical rating for EQM stock?
ChartMill assigns a technical rating of 5 / 10 to EQM.
What is the current trend direction of Eqm Midstream Partners LP (EQM) stock?
The current trend direction for Eqm Midstream Partners LP (EQM) is Bearish.
Can you provide the RSI signal for Eqm Midstream Partners LP?
Eqm Midstream Partners LP (EQM) has an RSI value of 57.0623. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Eqm Midstream Partners LP?
The MACD indicator for Eqm Midstream Partners LP (EQM) has a value of -0.0803381, indicating a bearish trend.
What is the short term momentum for EQM stock?
The short term momentum for Eqm Midstream Partners LP (EQM) is neutral.