WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
NYSE:WES • US9586691035
Overall WES gets a technical rating of 6 out of 10. WES has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- WES is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 67% are performing better than WES.
- In the last month WES has a been trading in the 39.51 - 44.74 range, which is quite wide. It is currently trading near the lows of this range.
- WES has an average volume of 1270500 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!
- When comparing the performance of all stocks over the past year, WES turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- 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.
WES has an average technical rating and the quality of the presented setup is also not ideal 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
35.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 40.52 to 40.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.83 from a horizontal line in the daily time frame.
- A support zone ranging from 37.25 to 37.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
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 | 47.63 | NEUTRAL | WES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WES is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.58 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests WES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.7 | NEUTRAL | The Stochastics value for WES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for WES suggests some volalility. |
| Average Directional Index/ADX (14) | 22.36 | NEUTRAL | The ADX value for WES suggests a possible start of a new trend. |
41.49
-2.41 (-5.49%)
WESTERN MIDSTREAM PARTNERS L / WES FAQ
What is the technical rating for WES stock?
ChartMill assigns a technical rating of 6 / 10 to WES.
What is the current trend direction of WESTERN MIDSTREAM PARTNERS L (WES) stock?
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 49.5836. This indicates that the stock is currently neutral.
What is the short term momentum for WES stock?
The short term momentum for WESTERN MIDSTREAM PARTNERS L (WES) is neutral.
What are the support and resistance levels for WESTERN MIDSTREAM PARTNERS L (WES) stock?
WESTERN MIDSTREAM PARTNERS L (WES) has a support level at 40.88. Check the full technical report for our detailed analysis of WES support and resistance levels.