WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
NYSE:WES - New York Stock Exchange, Inc. - US9586691035 - Currency: USD
Overall WES gets a technical rating of 0 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, WES is a bad performer in the overall market: 66% of all stocks are doing better.
WES has an average volume of 1123760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WES is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, WES did better than 53% of them.
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.
In the last month WES has a been trading in the 37.12 - 40.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WES has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 38.59, a Stop Loss order could be placed below this zone.
More info and screens
34.63
43.33
4 important support areas can be observed.
- A support zone ranging from 37.78 to 38.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.91 from a trend line in the weekly 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.
- A support zone ranging from 34.98 to 34.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @38.87 from a trend line in the daily time frame.
- A resistance zone ranging from 40.05 to 40.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for WES is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WES is neutral. |
| ChartMill Relative Strength | 34.41 | NEUTRAL | WES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WES is above a declining 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) | UP | MIXED | The current price of WES is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.57 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.77 | NEUTRAL | The Stochastics value for WES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for WES suggests some volalility. |
| Average Directional Index/ADX (14) | 15.1 | 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)
38.61
+0.64 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.69%
1 Week2.66%
2 Weeks0.65%
1 Month-1.93%
3 Month-5.85%
6 Month-2.89%
12 Month2.77%
2 Year45.59%
3 Year58.82%
5 Year284.56%
10 Year-39.07%
15 Year73.92%
Volatility
ATR(14)0.79
ATR(20)%2.09%
ATR Inc4.2%
Range Today0.73
ADR(20)0.76
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.41
Mansfield-0.64
10 Day High38.73
10 Day Low37.12
20 Day High40
20 Day Low37.12
52 Week High43.33
52 Week Low33.6
CS1 End38.59
CR1 Start38.87
Volume & EV
DER(3)-1.1%
DER(5)-0.82%
Volume958.30K
Volume Incr-11.22%
Vol(5)894.22K
Vol(50)1.12M