MARKWEST ENERGY PARTNERS LP (MWE) Technical Analysis
NYSE:MWE
Current stock price
MWE Technical Rating and Analysis
Overall MWE gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, MWE is a bad performer in the overall market: 92% of all stocks are doing better.
- 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.
MWE Weekly and Daily overview Charts
MWE Setup Rating and Analysis
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
MWE Support and Resistance Analysis
41.11
5 important resistance areas can be observed.
- 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.
MWE 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 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. |
MWE Chart- and CandleStick Pattern Analysis
MWE Technicals: Chart, Performance Metrics, Trend & Indicators
41.53
-3.49 (-7.75%)
MARKWEST ENERGY PARTNERS LP / MWE TA FAQ
What is the technical rating for MWE stock?
ChartMill assigns a technical rating of 0 / 10 to MWE.
What is the current trend direction of MARKWEST ENERGY PARTNERS LP (MWE) stock?
The current trend direction for MARKWEST ENERGY PARTNERS LP (MWE) is Bearish.
Can you provide the RSI signal for MARKWEST ENERGY PARTNERS LP?
MARKWEST ENERGY PARTNERS LP (MWE) has an RSI value of 41.7949. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MARKWEST ENERGY PARTNERS LP?
The short term momentum for MARKWEST ENERGY PARTNERS LP (MWE) is neutral.
What are the support and resistance levels for MARKWEST ENERGY PARTNERS LP (MWE) stock?
MARKWEST ENERGY PARTNERS LP (MWE) has a resistance level at 44.31. Check the full technical report for our detailed analysis of MWE support and resistance levels.