Technical Analysis for ETRN - Equitrans Midstream Corporation

Grade Last Price % Change Price Change
grade C 20.83 -1.00% -0.21
ETRN closed down 1.0 percent on Monday, June 24, 2019, on 1.25 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent N/A Up Up
See historical ETRN trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
NR7 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 50 DMA Bullish -1.00%
180 Bullish Setup Bullish Swing Setup -1.00%
Expansion Pivot Buy Setup Bullish Swing Setup -1.00%
Pocket Pivot Bullish Swing Setup -1.00%
Stochastic Reached Overbought Strength -1.00%
Outside Day Range Expansion -1.00%

Older signals for ETRN ...

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Profile
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States . With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 and, through its subsidiaries, has an operational focus on gas gathering systems, transmission and storage systems, and water services assets that support natural gas producers across the Basin. ETRN is helping to meet America’s growing need for clean-burning energy and strives to provide a rewarding workplace and enrich the communities where its employees live and work. ETRN owns the general partner interest and a 91.3% limited partner interest in EQGP Holdings, LP (NYSE: EQGP ) and a 12.7% limited partner interest in EQM Midstream Partners, LP (NYSE: EQM). EQGP owns the general partner interest, all of the incentive distribution rights, and a 17.9% limited partner interest in EQM.
Energy Petroleum Industry Midstream Energy Industry Natural Gas Producers Storage Systems
Is ETRN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 23.47
52 Week Low 17.63
Average Volume 1,460,875
200-Day Moving Average 0.0
50-Day Moving Average 20.7258
20-Day Moving Average 19.965
10-Day Moving Average 20.027
Average True Range 0.5828
ADX 16.58
+DI 24.8363
-DI 18.4026
Chandelier Exit (Long, 3 ATRs ) 19.4216
Chandelier Exit (Short, 3 ATRs ) 20.8684
Upper Bollinger Band 20.9596
Lower Bollinger Band 18.9704
Percent B (%b) 0.93
BandWidth 9.963436
MACD Line -0.0571
MACD Signal Line -0.2394
MACD Histogram 0.1823
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.55
Resistance 3 (R3) 21.58 21.38 21.43
Resistance 2 (R2) 21.38 21.19 21.36 21.39
Resistance 1 (R1) 21.10 21.08 21.00 21.07 21.35
Pivot Point 20.90 20.90 20.85 20.88 20.90
Support 1 (S1) 20.62 20.71 20.52 20.59 20.31
Support 2 (S2) 20.42 20.60 20.40 20.27
Support 3 (S3) 20.14 20.42 20.23
Support 4 (S4) 20.11