MARKWEST ENERGY PARTNERS LP (MWE) Stock Technical Analysis
NYSE:MWE - New York Stock Exchange, Inc. -
We assign a technical rating of 0 out of 10 to MWE. MWE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
92% of all other stocks performed better in the past year than MWE.
MWE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MWE has a been trading in the 40.70 - 49.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MWE has an average volume of 2045110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MWE is bad and it also does not present a 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
41.11
67.44
We can see 5 important resistance areas.
- A resistance zone ranging from 44.31 to 44.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 45.83 to 46.31. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 47.34 to 47.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @64.19 from a trend line in the weekly time frame.
- Resistance @66.77 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MWE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MWE is neutral. |
| ChartMill Relative Strength | 8.85 | NEGATIVE | MWE has a low relative strength, it was outperformed by 91.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MWE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MWE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MWE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.79 | NEUTRAL | The RSI value for MWE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MWE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.42 | NEUTRAL | The Stochastics value for MWE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for MWE suggests high 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)
41.53
-3.49 (-7.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.75%
1 Week-6.57%
2 Weeks-7.79%
1 Month-9.78%
3 Month-23.8%
6 Month-33.21%
12 Month-40.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.86
ATR(20)%6.56%
ATR Inc28.85%
Range Today4.55
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
CRS8.85
Mansfield-2.84
10 Day High49.98
10 Day Low40.7
20 Day High49.98
20 Day Low40.7
52 Week High70.81
52 Week Low37.28
CS1 EndN/A
CR1 Start44.31
Volume & EV
DER(3)-5.19%
DER(5)-5.93%
Volume8.02M
Volume Incr256.31%
Vol(5)6.26M
Vol(50)2.05M