WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
NYSE:WES - New York Stock Exchange, Inc. - US9586691035 - Currency: USD
Taking everything into account, WES scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WES was also a bad performer in the overall market in the last year.
64% of all other stocks performed better in the past year than WES.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month WES has a been trading in the 37.46 - 39.73 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
WES has an average volume of 1002440 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 211 other stocks in this industry, WES did better than 47% 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.
Although the technical rating is only medium, WES does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.17, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
34.63
43.33
4 important support areas can be observed.
- A support zone ranging from 38.26 to 39.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.31 to 37.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @34.98 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.85 to 40.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.06 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 | 36.52 | 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) | 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) | 59.64 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WES has a positive trend. |
| Stochastics (14,3) | 86.21 | OVERBOUGHT | The high Stochastics value suggests WES may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for WES suggests low volalility. |
| Average Directional Index/ADX (14) | 9.32 | 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)
39.47
+0.23 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.59%
1 Week1.36%
2 Weeks2.84%
1 Month2.23%
3 Month7.69%
6 Month-0.58%
12 Month-3.64%
2 Year39.62%
3 Year47.33%
5 Year338.56%
10 Year-33.08%
15 Year64.73%
Volatility
ATR(14)0.72
ATR(20)%1.81%
ATR Inc-22.71%
Range Today0.65
ADR(20)0.71
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.52
Mansfield-0.67
10 Day High39.73
10 Day Low38.1
20 Day High39.73
20 Day Low37.46
52 Week High43.33
52 Week Low33.6
CS1 End39.17
CR1 Start39.85
Volume & EV
DER(3)6.04%
DER(5)5.61%
Volume712.70K
Volume Incr-29.84%
Vol(5)674.60K
Vol(50)1.00M