Previous Hold Today HES ranks #2167 as HOLD CANDIDATE. Next Hold
Today HES ranks #2167 as HOLD CANDIDATE.

HES stock Hess Corporation

HES stock
Hess Corporation

April 22, 2019
Change 3.07%
Chart period: 2019-01-23 - 2019-04-22
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will HES stock price go up or down on Tue, 23 Apr 2019?

Hess Corporation Forecast and Stock Analysis

Technical HES stock analysis for April 22, 2019.

Hold candidate since 2019-04-22
Shorts 4.78% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.98
ROA -1.47

Hess Corporation gained 3.07% in the last trading day, rising from $65.86 to $67.88 The price has been going up and down for this period, and there has been a 7.75% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.11 million more shares were traded than the day before. In total, 4.28 million shares bought and sold for approximately $290.78 million.

Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the HES stock was $67.88. This is 3.07% more than the trading day before Thursday, 18th Apr 2019.

During day the stock fluctuated 3.03% from a day low at $66.26 to a day high of $68.27.

30 day high of the HES stock price was $68.27 and low was $58.05.
90 day high was $68.27 and low was $50.08.
52 week high for the Hess Corporation - $74.81 and low - $35.59.

Trend

Hess Corporation has broken the strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $67.28, a level that may pose a second chance to hit a runner. According to fan-theory $73.39 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Hess Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $65.84 and $60.78. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Hess Corporation finds support from accumulated volume at $66.10.

Support: $66.10 Price: $67.88

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.01 between high and low, or 3.03%. For the last week, the stock has had a daily average volatility of 2.15%.

The stock is extremely overbought on RSI14 (77). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $65.21 (-3.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 12 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Hess Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today HES ranks #2167 as HOLD CANDIDATE. Next Hold
Today HES ranks #2167 as HOLD CANDIDATE.