Eqm Midstream Partners LP (EQM) Stock Technical Analysis
NYSE:EQM
Taking everything into account, EQM scores 5 out of 10 in our technical rating. In the past year, EQM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 currently trading near new highs, so EQM is lagging the market.
- 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
When analyzing the support we can see 3 important 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.
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. |
21.43
+0.06 (+0.28%)
Eqm Midstream Partners LP / EQM 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.