HES Forecast and Technical Stock AnalysisSell candidate since 2019-07-16 Loss -3.32%
Hess Corporation fell by -3.32% in the last day ( Wednesday, 17th Jul 2019 ) from $61.70 to $59.65 and has now fallen 4 days in a row. During day the stock fluctuated 4.21% from a day low at $59.37 to a day high of $61.87. The price has fallen in 6 of the last 10 days and is down by -4.77% for this period. Volume has increased in the last day by 1.76 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.70 million shares bought and sold for approximately $220.98 million.
- 30 day high of the HES stock price was $66.03 and low was $56.77.
- 90 day high was $68.27 and low was $53.58.
- 52 week high for the Hess Corporation - $74.81 and low - $35.59.
Hess Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.26% during the next 3 months and, with 90% probability hold a price between $49.69 and $62.22 at the end of this period.
There are few to none technical positive signals at the moment. Hess Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $62.05 and $60.00. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 27 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Hess Corporation finds support from accumulated volume at $59.01.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.50 (4.21%) between high and low. For the last week, the stock has had a daily average volatility of 2.82%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.82 %Average volatility
Very Low Low Medium High Very High
Hess Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
|HES $59.65 ($-2.05 -3.32%)|
HES is down $2.05 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for HES based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the HES analysis is free »
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now