Mid-Con Energy Partn (MCEP) Technical Analysis
NASDAQ:MCEP
Current stock price
MCEP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MCEP. In the past year, MCEP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- MCEP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month MCEP has a been trading in the 3.51 - 5.91 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, MCEP did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MCEP Weekly and Daily overview Charts
MCEP Setup Rating and Analysis
MCEP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MCEP Support and Resistance Analysis
3.50
We found 1 important support area.
- A support zone ranging from 3.54 to 3.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
MCEP 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 | DOWN | NEGATIVE | The long term trend for MCEP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCEP is up. |
| ChartMill Relative Strength | 76.34 | POSITIVE | MCEP has a high relative strength, it outperformed 76.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCEP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCEP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MCEP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.12 | OVERBOUGHT | The high RSI value suggests MCEP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MCEP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.58 | OVERBOUGHT | The high Stochastics value suggests MCEP may be overbought. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for MCEP suggests high volalility. |
MCEP Chart- and CandleStick Pattern Analysis
MCEP Technicals: Chart, Performance Metrics, Trend & Indicators
5.52
-0.22 (-3.83%)
Mid-Con Energy Partn / MCEP TA FAQ
What is the ChartMill technical rating of Mid-Con Energy Partn (MCEP) stock?
ChartMill assigns a technical rating of 6 / 10 to MCEP.
What is the current trend direction of Mid-Con Energy Partn (MCEP) stock?
The current trend direction for Mid-Con Energy Partn (MCEP) is Bearish.
Can you provide the RSI signal for Mid-Con Energy Partn?
Mid-Con Energy Partn (MCEP) has an RSI value of 70.117. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Mid-Con Energy Partn?
The short term momentum for Mid-Con Energy Partn (MCEP) is positive.
What is the buy/sell signal for MCEP stock?
The buy/sell signal for Mid-Con Energy Partn (MCEP) is hold as the short term and long term trends are mixed.