WESTERN MIDSTREAM PARTNERS L (WES)

US9586691035

37.57  -0.77 (-2.01%)

After market: 37.35 -0.22 (-0.59%)

Technical Rating and Analysis

10

Taking everything into account, WES scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WES has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WES did better than 89% of all other stocks. On top of that, WES also shows a nice and consistent pattern of rising prices.
WES is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 81% of 212 stocks in the same industry.
WES is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WES is lagging the market slightly.
In the last month WES has a been trading in the 36.07 - 39.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WES has an average volume of 1088230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
WES Weekly chart
WES Daily chart
Setup Rating and Analysis

8

WES has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for WES in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

26.94

39.71

3 important support areas can be observed.

  • A support zone ranging from 33.53 to 34.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @29.65 from a trend line in the daily time frame.
  • A support zone ranging from 27.21 to 27.66. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • A resistance zone ranging from 37.77 to 38.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @39.32 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.28
Mansfield0.84
10 Day High39.7
10 Day Low36.15
20 Day High39.7
20 Day Low36.07
52 Week High39.7
52 Week Low25.47
Performance
1 Week-1.75%
2 Weeks0.67%
1 Month0.19%
3 Month8.8%
6 Month32.99%
12 Month38.38%
2 Year54.55%
3 Year75.4%
5 Year22.1%
10 Year-50.88%
15 Year142.23%
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)51.29
LBB36.21
UBB39.2
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
38.2636.142.12 (5.53%)18.07%
An entry @38.26. This is a Buy Stop order right above the resistance zone.An exit @36.14. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.12 points, which is 5.53%.For a 1.00% total portfolio risk, you can invest 18.07% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WES Daily chart

WESTERN MIDSTREAM PARTNERS L

NYSE:WES (6/14/2024, 7:04:00 PM)

After market: 37.35 -0.22 (-0.59%)

37.57

-0.77 (-2.01%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.01%
1 Week-1.75%
2 Weeks0.67%
1 Month0.19%
3 Month8.8%
6 Month32.99%
12 Month38.38%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.98
ATR(20)%2.55%
ATR Inc
Range Today0.91
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.7
10 Day Low36.15
20 Day High39.7
20 Day Low36.07
52 Week High39.7
52 Week Low25.47
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.43M
Volume Incr-4.49%
Vol(5)1.04M
Vol(50)1.09M