EQUITRANS MIDSTREAM CORP (ETRN) Stock Technical Analysis
NYSE:ETRN • US2946001011
Overall ETRN gets a technical rating of 5 out of 10. In the last year, ETRN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month ETRN has a been trading in the 12.23 - 13.53 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, ETRN did better than 80% of all other stocks. On top of that, ETRN also shows a nice and consistent pattern of rising prices.
- ETRN has an average volume of 9522440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ETRN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 65% of 206 stocks in the same industry.
- ETRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETRN is lagging the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ETRN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 12.41, a Stop Loss order could be placed below this zone.
More info and screens
11.93
2 important support areas can be observed.
- A support zone ranging from 12.34 to 12.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.05 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.62 to 13.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for ETRN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETRN is down. |
| ChartMill Relative Strength | 80.05 | POSITIVE | ETRN has a high relative strength, it outperformed 80.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETRN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.67 | NEUTRAL | The RSI value for ETRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ETRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.27 | OVERSOLD | The low Stochastics value suggests ETRN may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ETRN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.99 | POSITIVE | The high ADX value value for ETRN suggests a strong trend. |
12.42
+0.07 (+0.57%)
EQUITRANS MIDSTREAM CORP / ETRN FAQ
What is the ChartMill technical rating of EQUITRANS MIDSTREAM CORP (ETRN) stock?
ChartMill assigns a technical rating of 5 / 10 to ETRN.
What is the current trend direction of EQUITRANS MIDSTREAM CORP (ETRN) stock?
The current trend direction for EQUITRANS MIDSTREAM CORP (ETRN) is Bullish.
What is the RSI signal for EQUITRANS MIDSTREAM CORP (ETRN) stock?
EQUITRANS MIDSTREAM CORP (ETRN) has an RSI value of 33.668. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for EQUITRANS MIDSTREAM CORP?
The buy/sell signal for EQUITRANS MIDSTREAM CORP (ETRN) is hold as the short term and long term trends are mixed.
What is the support and resistance level for ETRN stock?
EQUITRANS MIDSTREAM CORP (ETRN) has a support level at 12.41 and a resistance level at 12.62. Check the full technical report for our detailed analysis of ETRN support and resistance levels.