Holly Energy Partners LP (HEP) Stock Technical Analysis
NYSE:HEP - New York Stock Exchange, Inc. - US4357631070 - Currency: USD
Overall HEP gets a technical rating of 2 out of 10. HEP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month HEP has a been trading in the 20.33 - 22.28 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, HEP outperforms 43% of them, which is more or less in line with the market.
HEP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 56% of 208 stocks in the same industry.
HEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HEP is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, HEP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 20.44, a Stop Loss order could be placed below this zone.
More info and screens
16.25
23.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.35 to 20.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.74 from a trend line in the weekly time frame.
- Support @16.41 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @20.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.88 to 21.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.09 from a horizontal line in the daily time frame.
- A resistance zone ranging from 23.21 to 23.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HEP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEP is down. |
| ChartMill Relative Strength | 43.29 | NEUTRAL | HEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HEP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.03 | NEUTRAL | The RSI value for HEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HEP has a negative trend. |
| Stochastics (14,3) | 32.06 | NEUTRAL | The Stochastics value for HEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for HEP suggests some volalility. |
| Average Directional Index/ADX (14) | 9.22 | NEGATIVE | The low ADX value for HEP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.45
-0.16 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.78%
1 Week-3.31%
2 Weeks-3.26%
1 Month-4.31%
3 Month-6.58%
6 Month16.13%
12 Month5.14%
2 Year22.02%
3 Year51.03%
5 Year-27.3%
10 Year-34.98%
15 Year104.4%
Volatility
ATR(14)0.48
ATR(20)%2.52%
ATR Inc50.69%
Range Today0.52
ADR(20)0.48
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.29
Mansfield-0.16
10 Day High21.4
10 Day Low20.33
20 Day High22.28
20 Day Low20.33
52 Week High23.62
52 Week Low15.51
CS1 End20.44
CR1 Start20.49
Volume & EV
DER(3)1.69%
DER(5)-0.21%
Volume17.22M
Volume Incr1003.24%
Vol(5)4.36M
Vol(50)873.98K