WESTERN GAS EQUITY PARTNERS LP (WGP) Technical Analysis
NYSE:WGP • US95825R1032
Current stock price
WGP Technical Rating and Analysis
Overall WGP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WGP is only an average performer.
- The long and short term trends are both positive. This is looking good!
- WGP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, WGP turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- WGP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WGP is lagging the market.
WGP Weekly and Daily overview Charts
WGP Setup Rating and Analysis
WGP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
WGP Support and Resistance Analysis
29.98
2 important support areas can be observed.
- A support zone ranging from 31.34 to 31.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.28 to 30.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 32.75 to 32.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.52 to 33.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @39.90 from a trend line in the weekly time frame.
WGP 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 WGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGP is up. |
| ChartMill Relative Strength | 69 | NEUTRAL | WGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.6 | NEUTRAL | The RSI value for WGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.68 | NEUTRAL | The Stochastics value for WGP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for WGP suggests some volalility. |
WGP Chart- and CandleStick Pattern Analysis
WGP Example Setup
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 |
|---|---|---|---|
| 32.99 | 31.33 | 1.66 (5.03%) | 19.87% |
| An entry @32.99. This is a Buy Stop order right above the resistance zone. | An exit @31.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.66 points, which is 5.03%. | When investing 19.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
WGP Technicals: Chart, Performance Metrics, Trend & Indicators
32.72
-0.12 (-0.37%)
WESTERN GAS EQUITY PARTNERS LP / WGP TA FAQ
What is the technical rating for WGP stock?
ChartMill assigns a technical rating of 8 / 10 to WGP.
Can you provide the trend direction for WESTERN GAS EQUITY PARTNERS LP?
The current trend direction for WESTERN GAS EQUITY PARTNERS LP (WGP) is Bullish.
What is the RSI signal for WESTERN GAS EQUITY PARTNERS LP (WGP) stock?
WESTERN GAS EQUITY PARTNERS LP (WGP) has an RSI value of 56.5997. This indicates that the stock is currently neutral.
What is the MACD signal for WESTERN GAS EQUITY PARTNERS LP (WGP) stock?
The MACD indicator for WESTERN GAS EQUITY PARTNERS LP (WGP) has a value of 0.0398904, indicating a bearish trend.
What is the short term momentum for WESTERN GAS EQUITY PARTNERS LP (WGP) stock?
The short term momentum for WESTERN GAS EQUITY PARTNERS LP (WGP) is positive.