WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
USA - NYSE:WES - US9586691035
Overall WES gets a technical rating of 5 out of 10. In the last year, WES was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
WES has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WES in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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35.71
2 important support areas can be observed.
- A support zone ranging from 37.31 to 38.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.07 to 36.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 39.17 to 39.78. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for WES is up. |
| ChartMill Relative Strength | 51.39 | NEUTRAL | WES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WES is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WES is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.05 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests WES has a positive trend. |
| Stochastics (14,3) | 81.08 | OVERBOUGHT | The high Stochastics value suggests WES may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for WES suggests low volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for WES suggests a weak or negative trend. |
39.17
+0.18 (+0.46%)
WESTERN MIDSTREAM PARTNERS L / WES FAQ
What is the technical rating for WES stock?
ChartMill assigns a technical rating of 5 / 10 to WES.
Can you provide the trend direction for WESTERN MIDSTREAM PARTNERS L?
The current trend direction for WESTERN MIDSTREAM PARTNERS L (WES) is Bearish.
What is the RSI signal for WESTERN MIDSTREAM PARTNERS L (WES) stock?
WESTERN MIDSTREAM PARTNERS L (WES) has an RSI value of 58.0512. This indicates that the stock is currently neutral.
What is the short term momentum for WESTERN MIDSTREAM PARTNERS L (WES) stock?
The short term momentum for WESTERN MIDSTREAM PARTNERS L (WES) is positive.
Can you provide the support and resistance levels for WESTERN MIDSTREAM PARTNERS L?
WESTERN MIDSTREAM PARTNERS L (WES) has a support level at 38.51 and a resistance level at 39.17. Check the full technical report for our detailed analysis of WES support and resistance levels.