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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Western Gas Partners LP stock downgraded to Buy Candidate
(Updated on Jul 19, 2024)

Buy or Hold candidate since May 03, 2024 Gain 18.38% PDF

The Western Gas Partners LP stock price fell by -0.497% on the last day (Friday, 19th Jul 2024) from $42.27 to $42.06. During the last trading day the stock fluctuated 2.46% from a day low at $41.71 to a day high of $42.73. The price has been going up and down for this period, and there has been a 2.31% gain for the last 2 weeks. Volume has increased on the last day by 95 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 833 thousand shares were bought and sold for approximately $35.05 million.

The stock lies in the upper part of a 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 $42.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.57% during the next 3 months and, with a 90% probability hold a price between $47.51 and $50.25 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 $41.58 and $39.47. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, July 18, 2024, and so far it has fallen -0.497%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

On the downside, the stock finds support just below today's level from accumulated volume at $38.45 and $37.77. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Western Gas Partners LP finds support just below today's level at $38.45. If this is broken, then the next support from accumulated volume will be at $37.77 and $35.64.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.03 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: $40.99 (-2.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (WES) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Western Gas Partners LP to open at $42.17, and during the day (based on 14 day Average True Range), to move between $41.26 and $42.86, which gives a possible trading interval of +/-$0.80 (+/-1.91%) 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 3.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.27 (0.50%) than the support at $38.45 (8.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Western Gas Partners LP stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Western Gas Partners LP stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.368 Buy Candidate Downgraded

Predicted Opening Price for Western Gas Partners LP of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$42.17 ( 0.250%) $42.06

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
R3 43.19 2.69%
R2 42.80 1.76%
R1 42.56 1.18%
Price 42.06
S1 41.77 -0.681%
S2 41.53 -1.26%
S3 41.14 -2.19%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 42.27 0.499%
Price 42.06
S1 38.45 -8.58%
S2 37.77 -10.20%
S3 35.64 -15.26%

WES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 01, 2024 Aug 01, 2024 Aug 14, 2024 $0.88 2.08%
2 Apr 18, 2024 Apr 30, 2024 May 15, 2024 $0.88 2.30%
3 Jan 22, 2024 Jan 31, 2024 Feb 13, 2024 $0.580 2.08%
4 Oct 19, 2023 Oct 31, 2023 Nov 13, 2023 $0.575 2.09%
5 Jul 21, 2023 Jul 28, 2023 Aug 14, 2023 $0.563 2.04%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Western Gas Partners LP stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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 Jul 19, 2024, the price of an Western Gas Partners LP (WES) share was $42.06.

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 $42.73 and the 52-week low is $25.69.

What is the market capitalization of Western Gas Partners LP Stock?
As of the Jul 19, 2024, the market capitalization of Western Gas Partners LP is 16.003B.

When is the next earnings date for Western Gas Partners LP?
The upcoming earnings date for Western Gas Partners LP is Aug 13, 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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