The Greedy Trader Weekly Analysis
Sign In Mar 28, 2024
Skip Navigation Links
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

Archive
- 3/22/2024 -
Sign In to see current Signals.

Hess Corporation (HES) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic has declined below the signal line
Move cursor over the icon to see details.

It was the negative week for the Hess Corporation (HES). During the week, the HES gave back -1.23 points, or -0.82%, and closed at 149.63 on Friday, March 22, 2024. HES was trading at average weekly trading volume.

HES is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HES long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 26.06 and reached 167.75 on October 19, 2023. HES gained -141.69 points, or -543.71%, in 187 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 143.80 and resistance is at 182.39. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See HES medium-term trend chart]
A medium-term downtrend had started on October 19, 2023 at 167.75 and reached 131.70 on December 8, 2023. HES lost 36.05 points, or 21.49%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (142.46) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See HES weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 16, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See HES short-term trend chart]
A short-term uptrend had started on March 6, 2024 at 142.74 and reached 152.13 on March 18, 2024. HES gained -9.39 points, or -6.58%, in 12 days. The price is now at the 26.62% retracement level.

Daily Technical Indicators: [See HES daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 13, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.17
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 74.43
Greed/Fear Indicator (GFI) 69.16
Moving Average Converg./Diverg. (MACD) 1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.70
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 78.91
Greed/Fear Indicator (GFI) 72.18
Moving Average Converg./Diverg. (MACD) -0.04
Trading Signals
Description Value Chart
Upper Bollinger Band 153.02
Monthly Trendline Resistance 151.54
Daily Stochastic Crossing 151.03
Price 149.63
Weekly Stochastic Crossing 149.26
20 Day Moving Average 147.67
Parabolic System 147.00
50 Day Moving Average 144.97
Monthly Trendline Support 144.73
Yearly Trendline Support 143.80
Lower Bollinger Band 143.09
Quarterly Trendline Support 142.46
Quarterly Trendline Resistance 131.36
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Integrated Oil & Gas 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 142.74
Low Date 03/06/2024
High 152.13
High Date 03/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 135.64
Low Date 01/18/2024
High 152.13
High Date 03/18/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 151.54
Support 144.73
Low 131.70
Low Date 12/08/2023
High 152.13
High Date 03/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 131.36
Support 142.46
High 167.75
High Date 10/19/2023
Low 131.70
Low Date 12/08/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 182.39
Support 143.80
Low 26.06
Low Date 03/18/2020
High 167.75
High Date 10/19/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.