RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WES
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Green day on Thursday for Western Gas Partners LP
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 23.70% PDF

The Western Gas Partners LP stock price gained 1.17% on the last trading day (Thursday, 28th Mar 2024), rising from $35.14 to $35.55. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.34% from a day low at $35.11 to a day high of $35.93. The price has risen in 7 of the last 10 days and is up by 6.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 462 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $35.62 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $35.63 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 31.46% during the next 3 months and, with a 90% probability hold a price between $42.36 and $46.84 at the end of this 3-month period.

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WES Signals & Forecast

The Western Gas Partners LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.92 and $32.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 27.47%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Western Gas Partners LP stock

Western Gas Partners LP finds support from accumulated volume at $33.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.82 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 1.95%.

Our recommended stop-loss: $34.27 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (WES) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Western Gas Partners LP to open at $35.53, and during the day (based on 14 day Average True Range), to move between $34.76 and $36.34, which gives a possible trading interval of +/-$0.785 (+/-2.21%) up or down from last closing price. If Western Gas Partners LP takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $33.78, some $1.77 (4.98%) from the current price of $35.55, our system finds the risk reward attractive.

Is Western Gas Partners LP stock A Buy?

Western Gas Partners LP holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.738 Strong Buy Candidate Unchanged

Predicted Opening Price for Western Gas Partners LP of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$35.53 ( 0.0563%) $35.55

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WES

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.35 2.25 %
R2 36.04 1.37 %
R1 35.84 0.82 %
Current price: 35.55
Support S1 35.22 -0.94 %
S2 35.02 -1.48 %
S3 34.71 -2.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 35.55
Support S1 33.78 -4.98%
S2 33.60 -5.49%
S3 30.81 -13.33%

WES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 22, 2024 Jan 31, 2024 Feb 13, 2024 $0.580 2.08%
2 Oct 19, 2023 Oct 31, 2023 Nov 13, 2023 $0.575 2.09%
3 Jul 21, 2023 Jul 28, 2023 Aug 14, 2023 $0.563 2.04%
4 Apr 20, 2023 Apr 28, 2023 Aug 14, 2023 $0.86 3.11%
5 Jan 20, 2023 Jan 31, 2023 Feb 13, 2023 $0.500 1.77%

FAQ

What is the symbol for Western Gas Partners LP Stock and on which exchange is it traded?
The symbol for Western Gas Partners LP is WES and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Western Gas Partners LP Stock?
Western Gas Partners LP holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Western Gas Partners LP Stock?
Western Gas Partners LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Western Gas Partners LP Stock.

What's the current price of Western Gas Partners LP Stock?
As of the end of day on the 2024-03-28, the price of an Western Gas Partners LP (WES) share was $35.55.

What is the 52-week high and low for Western Gas Partners LP Stock?
The 52-week high for Western Gas Partners LP Stock is $35.93 and the 52-week low is $24.89.

What is the market capitalization of Western Gas Partners LP Stock?
As of the 2024-03-28, the market capitalization of Western Gas Partners LP is 13.37B.

When is the next earnings date for Western Gas Partners LP?
The upcoming earnings date for Western Gas Partners LP is May 01, 2024.
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About Western Gas Partners LP

Western Gas Partners LP Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. It also buys and sells natural gas, NGLs, and condens... WES Profile

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