WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
NYSE:WES - New York Stock Exchange, Inc. - US9586691035 - Currency: USD
Taking everything into account, WES scores 1 out of 10 in our technical rating. WES'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.
68% of all other stocks performed better in the past year than WES.
In the last month WES has a been trading in the 37.97 - 41.39 range, which is quite wide. It is currently trading near the lows of this range.
WES has an average volume of 1037380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
WES is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 50% of 208 stocks in the same industry.
WES is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WES is lagging the market.
Volume is considerably higher in the last couple of days.
The technical rating of WES 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
34.63
43.33
When analyzing the support we can see 4 important areas.
- Support @38.02 from a trend line in the weekly time frame.
- Support @37.31 from a horizontal line in the daily time frame.
- A support zone ranging from 35.70 to 36.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.98 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 38.53 to 39.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.63 to 42.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for WES is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WES is neutral. |
| ChartMill Relative Strength | 32.29 | NEUTRAL | WES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WES is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WES is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WES is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.83 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests WES has a negative trend. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for WES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for WES suggests some volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for WES suggests a weak or negative trend. |
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)
38.1
-0.34 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.88%
1 Week-3.25%
2 Weeks-6.53%
1 Month-3.47%
3 Month2.67%
6 Month-5.65%
12 Month-3.74%
2 Year42.75%
3 Year35.54%
5 Year320.07%
10 Year-35.24%
15 Year58.22%
Volatility
ATR(14)0.93
ATR(20)%2.44%
ATR Inc70.53%
Range Today0.97
ADR(20)0.87
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.29
Mansfield-1.07
10 Day High41.39
10 Day Low37.97
20 Day High41.39
20 Day Low37.97
52 Week High43.33
52 Week Low33.6
CS1 End38.02
CR1 Start38.53
Volume & EV
DER(3)-3.2%
DER(5)-2.74%
Volume2.64M
Volume Incr128.02%
Vol(5)1.93M
Vol(50)1.04M