WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
NYSE:WES • US9586691035
Taking everything into account, WES scores 8 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- WES is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WES has a been trading in the 39.52 - 43.05 range, which is quite wide. It is currently trading near the high of this range.
- WES has an average volume of 1208550 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 61% of all stocks.
- WES is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 206 stocks in the same industry.
WES has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.36. Right above this resistance zone may be a good entry point.
More info and screens
35.71
When analyzing the support we can see 5 important areas.
- Support @42.06 from a horizontal line in the weekly time frame.
- A support zone ranging from 40.30 to 41.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.52 to 38.83. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.36 to 42.46. 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 | UP | POSITIVE | The short term trend for WES is up. |
| ChartMill Relative Strength | 61.23 | 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) | 63.57 | 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) | 83.78 | OVERBOUGHT | The high Stochastics value suggests WES may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for WES suggests some volalility. |
| Average Directional Index/ADX (14) | 17.22 | 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 |
|---|---|---|---|
| 42.47 | 42.05 | 0.42 (0.99%) | 25.00% |
| An entry @42.47. This is a Buy Stop order right above the resistance zone. | An exit @42.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.42 points, which is 0.99%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WES. Please evaluate whether better entry and exit points can be found.
- 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.
42.35
-0.1 (-0.24%)
WESTERN MIDSTREAM PARTNERS L / WES FAQ
What is the technical rating for WES stock?
ChartMill assigns a technical rating of 8 / 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 63.572. 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 positive.
What are the support and resistance levels for WESTERN MIDSTREAM PARTNERS L (WES) stock?
WESTERN MIDSTREAM PARTNERS L (WES) has a support level at 42.06 and a resistance level at 42.36. Check the full technical report for our detailed analysis of WES support and resistance levels.