Western Midstream Partners, LP (NYSE:WES) Jumped Up 2.5%, But Why?

      Comments Off on Western Midstream Partners, LP (NYSE:WES) Jumped Up 2.5%, But Why?

In its most recent trading session, Western Midstream Partners, LP (NYSE:WES) spiked up by 2.5% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 24.339, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.015, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.49, an Accumulation/Distribution Index (ADI) of 0.49, an On-Balance Volume (OBV) of 57.062, and a Chaiikin Money Flow (CMF) of -20.32. 1.327

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

So there you have it – our analysis of Western Midstream Partners, LP (NYSE:WES). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.