The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 3/21/2025 -
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Hess Corporation (HES) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtTrend resistance at 155.35
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Hess Corporation (HES). During the week, the HES gained 8.50 points, or 5.74%, and closed at 156.60 on Friday, March 21, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 26% above average.

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 downtrend had started on October 19, 2023 at 167.75 and reached 123.79 on September 11, 2024. HES lost 43.96 points, or 26.21%, in 46 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (155.35). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 157.80 on March 20, 2025. HES gained -34.01 points, or -27.47%, in 27 weeks. Price is near the trend high.

Weekly Technical Indicators: [See HES weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 January 10, 2025. This is an indication that the medium-term trend is up. 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 February 3, 2025 at 137.20 and reached 157.80 on March 20, 2025. HES gained -20.60 points, or -15.01%, in 45 days. The price is now at the 5.83% retracement level.

Daily Technical Indicators: [See HES daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.08
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 95.54
Strong Overbought
Greed/Fear Indicator (GFI) 86.96
Overbought
Moving Average Converg./Diverg. (MACD) 1.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.17
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 78.15
Greed/Fear Indicator (GFI) 79.23
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Upper Bollinger Band 158.39
Daily Stochastic Crossing 157.13
Price 156.60
Quarterly Trendline Resistance 155.35
Weekly Stochastic Crossing 152.84
20 Day Moving Average 147.88
50 Day Moving Average 146.44
Parabolic System 145.82
Lower Bollinger Band 139.85
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Integrated Oil & Gas 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 137.20
Low Date 02/03/2025
High 157.80
High Date 03/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.20
Low Date 12/19/2024
High 157.80
High Date 03/20/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.79
Low Date 09/11/2024
High 157.80
High Date 03/20/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 155.35
Support 119.55
High 167.75
High Date 10/19/2023
Low 123.79
Low Date 09/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.