MIDCOAST ENERGY PARTNERS L P (MEP) Stock Technical Analysis
NYSE:MEP - New York Stock Exchange, Inc. -
We assign a technical rating of 3 out of 10 to MEP. In the last year, MEP was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
66% of all other stocks performed better in the past year than MEP.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MEP 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 MEP is lagging the market slightly.
In the last month MEP has a been trading in a tight range between 7.95 and 8.05.
Considerably lower volume is observed in the last couple of days.
MEP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MEP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.41
8.85
2 important support areas can be observed.
- A support zone ranging from 7.89 to 7.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.95 to 8.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.36 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.66 to 8.76. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for MEP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEP is neutral. |
| ChartMill Relative Strength | 34.45 | NEUTRAL | MEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MEP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47 | NEUTRAL | The RSI value for MEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MEP has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for MEP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for MEP suggests low volalility. |
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)
NYSE:MEP (4/26/2017, 8:28:07 PM)
7.95
-0.05 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.62%
1 Week0%
2 Weeks-0.62%
1 Month-0.62%
3 Month-4.79%
6 Month-9.66%
12 Month-0.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.76%
ATR Inc-13.58%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.45
Mansfield-0.73
10 Day High8.05
10 Day Low7.95
20 Day High8.05
20 Day Low7.95
52 Week High9.89
52 Week Low5.3
CS1 End7.94
CR1 Start7.95
Volume & EV
DER(3)4.18%
DER(5)2.04%
Volume145.30K
Volume Incr-62.4%
Vol(5)68.58K
Vol(50)160.11K