WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WES - US9586691035
We assign a technical rating of 6 out of 10 to WES. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WES is only an average performer.
WES has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 39.65, a Stop Loss order could be placed below this zone.
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35.71
3 important support areas can be observed.
- A support zone ranging from 38.97 to 39.65. 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 38.27. 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.
We can see 2 important resistance areas.
- Resistance @40.76 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 41.61 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 | UP | POSITIVE | The long term trend for WES is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WES is neutral. |
| ChartMill Relative Strength | 52.68 | 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) | DOWN | MIXED | The current price of WES is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.39 | NEUTRAL | The RSI value for WES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WES has a positive trend. |
| Stochastics (14,3) | 80.26 | OVERBOUGHT | The high Stochastics value suggests WES may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for WES suggests low volalility. |
| Average Directional Index/ADX (14) | 10.99 | NEGATIVE | The low ADX value for WES suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.77 | 38.98 | 1.79 (4.39%) | 22.78% |
| An entry @40.77. This is a Buy Stop order right above the resistance zone. | An exit @38.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.79 points, which is 4.39%. | For a 1.00% total portfolio risk, you can invest 22.78% 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.
39.72
+0.22 (+0.56%)
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 Bullish.
What is the RSI signal for WESTERN MIDSTREAM PARTNERS L (WES) stock?
WESTERN MIDSTREAM PARTNERS L (WES) has an RSI value of 56.3876. 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 39.65 and a resistance level at 40.76. Check the full technical report for our detailed analysis of WES support and resistance levels.