Hess Stock Forecast
Green day on Thursday for Hess
(Updated on Mar 28, 2024)
The Hess stock price gained 1.39% on the last trading day (Thursday, 28th Mar 2024), rising from $150.55 to $152.64. During the last trading day the stock fluctuated 1.31% from a day low at $150.91 to a day high of $152.88. The price has risen in 7 of the last 10 days and is up by 1.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $311.78 million.
The stock lies in the upper part of a weak 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 $153.73 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.96% during the next 3 months and, with a 90% probability hold a price between $155.24 and $164.43 at the end of this 3-month period.
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HES Signals & Forecast
Mostly positive signals in the chart today. The Hess 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 $150.35 and $147.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 6.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hess stock
Hess finds support from accumulated volume at $145.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.97 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: $144.94 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (HES) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hess Corporation to open at $152.14, and during the day (based on 14 day Average True Range), to move between $150.06 and $155.22, which gives a possible trading interval of +/-$2.58 (+/-1.69%) up or down from last closing price. If Hess Corporation takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $145.75, some $6.89 (4.51%) from the current price of $152.64, our system finds the risk reward attractive.
Is Hess Corporation 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 Hess stock to perform well in the short-term.
Current score: 4.815 Buy Candidate Unchanged
Predicted Opening Price for Hess Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$152.14 ( 0.325%) | $152.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HES
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 154.11 | 0.97 % | |
R2 | 153.36 | 0.472 % | ||
R1 | 152.90 | 0.168 % | ||
Current price: | 152.64 | |||
Support | S1 | 151.39 | -0.82 % | |
S2 | 150.93 | -1.12 % | ||
S3 | 150.17 | -1.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 152.64 | |||
Support | S1 | 145.75 | -4.51% | |
S2 | 145.32 | -4.80% | ||
S3 | 143.02 | -6.30% |
HES Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 18, 2024 | Mar 28, 2024 | $0.438 | 0.287% |
2 | Mar 06, 2024 | Mar 15, 2024 | Mar 28, 2024 | $0.438 | 0.287% |
3 | Dec 06, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.438 | 0.303% |
4 | Sep 06, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.438 | 0.286% |
5 | May 17, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.438 | 0.322% |
FAQ
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