Holly Energy Partners LP (HEP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HEP - US4357631070
We assign a technical rating of 2 out of 10 to HEP. In the last year, HEP was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
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
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.
When analyzing the resistance we notice 4 important areas.
- 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. |
20.45
-0.16 (-0.78%)
Holly Energy Partners LP / HEP FAQ
What is the technical rating for HEP stock?
ChartMill assigns a technical rating of 2 / 10 to HEP.
What is the trend direction for HEP stock?
The current trend direction for Holly Energy Partners LP (HEP) is Bullish.
Can you provide the RSI signal for Holly Energy Partners LP?
Holly Energy Partners LP (HEP) has an RSI value of 41.0299. This indicates that the stock is currently neutral.
What is the MACD signal for HEP stock?
The MACD indicator for Holly Energy Partners LP (HEP) has a value of -0.0188782, indicating a bearish trend.
Can you provide the support and resistance levels for Holly Energy Partners LP?
Holly Energy Partners LP (HEP) has a support level at 20.44 and a resistance level at 20.49. Check the full technical report for our detailed analysis of HEP support and resistance levels.