EQUITRANS MIDSTREAM CORP (ETRN) Stock Technical Analysis
NYSE:ETRN - New York Stock Exchange, Inc. - US2946001011 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ETRN. 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.
When comparing the yearly performance of all stocks, we notice that ETRN is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, ETRN also shows a nice and consistent pattern of rising prices.
ETRN is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. ETRN outperforms 82% of them.
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 short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ETRN 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 ETRN is lagging the market slightly.
Volume is considerably higher in the last couple of days.
ETRN has only a medium technical rating, but it does show a decent setup pattern. 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
13.16
We found 2 important support areas.
- 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. |
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)
12.42
+0.07 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.57%
1 Week-4.39%
2 Weeks-2.28%
1 Month-5.98%
3 Month-0.24%
6 Month20%
12 Month32.13%
2 Year58.22%
3 Year51.09%
5 Year-25.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.79%
ATR Inc1.37%
Range Today0.34
ADR(20)0.34
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.05
Mansfield-0.02
10 Day High13.25
10 Day Low12.23
20 Day High13.53
20 Day Low12.23
52 Week High14.64
52 Week Low8.57
CS1 End12.41
CR1 Start12.62
Volume & EV
DER(3)1.23%
DER(5)-1.13%
Volume194.27M
Volume Incr1100.49%
Vol(5)46.47M
Vol(50)9.52M