WESTERN MIDSTREAM PARTNERS L (WES) Technical Analysis
NYSE:WES • US9586691035
Current stock price
WES Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to WES. Although WES is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- WES is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 72% are performing better than WES.
- The long and short term trends are both positive. This is looking good!
- In the last month WES has a been trading in the 39.90 - 42.30 range, which is quite wide. It is currently trading near the high of this range.
- WES has an average volume of 1591370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 59% 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.
WES Weekly and Daily overview Charts
WES Setup Rating and Analysis
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
WES Support and Resistance Analysis
35.71
We found 3 important support areas.
- A support zone ranging from 40.52 to 41.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.25 to 37.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.07 to 36.33. 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 42.28 to 42.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.44 to 43.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
WES Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for WES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WES is up. |
| ChartMill Relative Strength | 59.21 | 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) | UP | POSITIVE | The current price of WES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.34 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests WES has a positive trend. |
| Stochastics (14,3) | 79.2 | NEUTRAL | The Stochastics value for WES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for WES suggests low volalility. |
| Average Directional Index/ADX (14) | 9.02 | NEGATIVE | The low ADX value for WES suggests a weak or negative trend. |
WES Chart- and CandleStick Pattern Analysis
WES Technicals: Chart, Performance Metrics, Trend & Indicators
42.21
+0.81 (+1.96%)
WESTERN MIDSTREAM PARTNERS L / WES TA 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 Bullish.
Can you provide the RSI signal for WESTERN MIDSTREAM PARTNERS L?
WESTERN MIDSTREAM PARTNERS L (WES) has an RSI value of 62.3415. 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.
What is the buy/sell signal for WES stock?
The buy/sell signal for WESTERN MIDSTREAM PARTNERS L (WES) is buy as both the short term and long term trends are positive.