EQUITRANS MIDSTREAM CORP (ETRN) Technical Analysis
NYSE:ETRN • US2946001011
Current stock price
ETRN Technical Rating and Analysis
Overall ETRN gets a technical rating of 5 out of 10. ETRN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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. We also observe that the gains produced by ETRN over the past year are nicely spread over this period.
- 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 an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 209 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.
ETRN Weekly and Daily overview Charts
ETRN Setup Rating and Analysis
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
ETRN Support and Resistance Analysis
11.93
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.
When analyzing the resistance we notice one important 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.
ETRN 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 | 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. |
ETRN Chart- and CandleStick Pattern Analysis
ETRN Technicals: Chart, Performance Metrics, Trend & Indicators
12.42
+0.07 (+0.57%)
EQUITRANS MIDSTREAM CORP / ETRN TA 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 trend direction for ETRN stock?
The current trend direction for EQUITRANS MIDSTREAM CORP (ETRN) is Bullish.
Can you provide the RSI signal for EQUITRANS MIDSTREAM CORP?
EQUITRANS MIDSTREAM CORP (ETRN) has an RSI value of 33.668. This indicates that the stock is currently neutral.
What is the short term momentum for EQUITRANS MIDSTREAM CORP (ETRN) stock?
The short term momentum for EQUITRANS MIDSTREAM CORP (ETRN) is negative.
What is the buy/sell signal for EQUITRANS MIDSTREAM CORP (ETRN) stock?
The buy/sell signal for EQUITRANS MIDSTREAM CORP (ETRN) is hold as the short term and long term trends are mixed.