MIDCOAST ENERGY PARTNERS L P (MEP) Technical Analysis
NYSE:MEP
Current stock price
MEP Technical Rating and Analysis
Overall MEP gets a technical rating of 3 out of 10. MEP was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 66% of all other stocks performed better in the past year than MEP.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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 Weekly and Daily overview Charts
MEP Setup Rating and Analysis
MEP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
MEP Support and Resistance Analysis
7.41
When analyzing the support we can see 2 important areas.
- 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.
MEP 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 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. |
MEP Chart- and CandleStick Pattern Analysis
MEP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MEP (4/26/2017, 8:28:07 PM)
7.95
-0.05 (-0.62%)
MIDCOAST ENERGY PARTNERS L P / MEP TA FAQ
What is the technical rating for MEP stock?
ChartMill assigns a technical rating of 3 / 10 to MEP.
What is the trend direction for MEP stock?
The current trend direction for MIDCOAST ENERGY PARTNERS L P (MEP) is Bullish.
What is the RSI signal for MIDCOAST ENERGY PARTNERS L P (MEP) stock?
MIDCOAST ENERGY PARTNERS L P (MEP) has an RSI value of 47.0006. This indicates that the stock is currently neutral.
What are the support and resistance levels for MIDCOAST ENERGY PARTNERS L P (MEP) stock?
MIDCOAST ENERGY PARTNERS L P (MEP) has a support level at 7.94 and a resistance level at 7.95. Check the full technical report for our detailed analysis of MEP support and resistance levels.