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Archive
- 11/8/2024 -
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Hess Corporation (HES) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a first positive week after 4 consecutive negative weeks for the Hess Corporation (HES). During the week, the HES gained 4.40 points, or 3.19%, and closed at 142.20 on Friday, November 8, 2024. Weekly volume was -24% below average.
 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 Symmetric Triangle chart pattern. The uptrend support line (157.69) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See HES medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 123.79 and reached 144.60 on November 6, 2024. HES gained -20.81 points, or -16.81%, in 8 weeks. The price is now at the 11.53% retracement level.
 Weekly Technical Indicators: [See HES weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 18, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 31, 2024 at 133.80 and reached 144.60 on November 6, 2024. HES gained -10.80 points, or -8.07%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See HES daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
3 |
| Industry |
Integrated Oil & Gas |
79 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
133.80 |
| Low Date |
10/31/2024 |
| High |
144.60 |
| High Date |
11/06/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
133.80 |
| Low Date |
10/31/2024 |
| High |
144.60 |
| High Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
123.79 |
| Low Date |
09/11/2024 |
| High |
144.60 |
| High Date |
11/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
163.98 |
| High Date |
04/29/2024 |
| Low |
123.79 |
| Low Date |
09/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
160.09 |
| Support |
157.69 |
| Low |
26.06 |
| Low Date |
03/18/2020 |
| High |
167.75 |
| High Date |
10/19/2023 |
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