The Greedy Trader Weekly Analysis
Sign In Apr 26, 2024
Skip Navigation Links
TA Search
Share
Daily W%R:< 10
Number of records: 0
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

Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

Advanced TA Search

Archive
- 4/19/2024 -
Sign In to see current Signals.

Hess Corporation (HES) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Lane's Stochastic is oversoldThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Hess Corporation (HES). During the week, the HES climbed 1.14 points, or 0.74%, and closed at 154.35 on Friday, April 19, 2024. Weekly volume was -36% below 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 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 146.21 and resistance is at 184.81. 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 (145.34) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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.

The weekly MACD line is above its signal line since February 16, 2024. 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 January 18, 2024 at 135.64 and reached 159.24 on April 12, 2024. HES gained -23.60 points, or -17.40%, in 85 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 149.52 and resistance is at 160.02. 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 short-term trend.

Daily Technical Indicators: [See HES daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since April 11, 2024.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.84
Williams' Percentage Range (W%R) 69.10
Lane's Stochastic (%D-Slow) 18.57
Oversold
Greed/Fear Indicator (GFI) 32.75
Moving Average Converg./Diverg. (MACD) 1.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.93
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 83.44
Overbought
Greed/Fear Indicator (GFI) 71.85
Moving Average Converg./Diverg. (MACD) 0.94
Trading Signals
Description Value Chart
Yearly Trendline Resistance 184.81
Weekly Trendline Resistance 160.02
Upper Bollinger Band 158.38
Parabolic System 157.93
Weekly Stochastic Crossing 156.25
Price 154.35
20 Day Moving Average 153.68
Monthly Trendline Resistance 152.11
Daily Stochastic Crossing 151.80
50 Day Moving Average 149.71
Weekly Trendline Support 149.52
Monthly Trendline Support 148.31
Lower Bollinger Band 147.26
Yearly Trendline Support 146.21
Quarterly Trendline Support 145.34
Quarterly Trendline Resistance 124.84
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 142.74
Low Date 03/06/2024
High 159.24
High Date 04/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 160.02
Support 149.52
Low 135.64
Low Date 01/18/2024
High 159.24
High Date 04/12/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 152.11
Support 148.31
Low 131.70
Low Date 12/08/2023
High 159.24
High Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 124.84
Support 145.34
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 184.81
Support 146.21
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.