WESTERN GAS EQUITY PARTNERS LP (WGP) Stock Technical Analysis
NYSE:WGP - New York Stock Exchange, Inc. - US95825R1032
Overall WGP gets a technical rating of 8 out of 10. Although WGP 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.
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 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
29.98
40.30
We found 2 important support areas.
- 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.
We can see 3 important resistance areas.
- 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69
Mansfield-0.31
10 Day High33.9
10 Day Low30.68
20 Day High33.9
20 Day Low30.03
52 Week High38.62
52 Week Low25.89
Performance
1 Week-1.98%
2 Weeks7.56%
1 Month2.67%
3 Month12.91%
6 Month-3.37%
12 Month-7.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)56.6
LBB29.76
UBB34.44
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 trade has a worst case loss of 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.
32.72
-0.12 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.37%
1 Week-1.98%
2 Weeks7.56%
1 Month2.67%
3 Month12.91%
6 Month-3.37%
12 Month-7.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.01
ATR(20)%3.22%
ATR Inc-10.84%
Range Today1.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69
Mansfield-0.31
10 Day High33.9
10 Day Low30.68
20 Day High33.9
20 Day Low30.03
52 Week High38.62
52 Week Low25.89
CS1 End31.35
CR1 Start32.75
Volume & EV
DER(3)-1.3%
DER(5)0.09%
Volume2.17M
Volume Incr114.38%
Vol(5)708.16K
Vol(50)598.69K