WESTERN MIDSTREAM PARTNERS L (WES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WES - US9586691035
We assign a technical rating of 7 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.
Although WES has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
35.71
4 important support areas can be observed.
- A support zone ranging from 39.12 to 39.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.36 from a trend 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.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for WES is up. |
| ChartMill Relative Strength | 54.78 | 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) | 69.01 | 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) | 76.22 | NEUTRAL | The Stochastics value for WES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for WES suggests low volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for WES suggests a weak or negative trend. |
41.24
+0.85 (+2.1%)
WESTERN MIDSTREAM PARTNERS L / WES FAQ
What is the technical rating for WES stock?
ChartMill assigns a technical rating of 7 / 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 69.0075. 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 39.81 and a resistance level at 41.61. Check the full technical report for our detailed analysis of WES support and resistance levels.