HESS MIDSTREAM LP - CLASS A (HESM) Stock Technical Analysis
USA - NYSE:HESM - US4281031058 - Common Stock
Overall HESM gets a technical rating of 0 out of 10. HESM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, HESM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.15. Right above this resistance zone may be a good entry point.
More info and screens
31.41
When analyzing the support we notice one important area.
- A support zone ranging from 31.73 to 31.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 34.15 to 34.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.26 from a horizontal line in the daily time frame.
- Resistance @42.75 from a horizontal line in the weekly time frame.
- Resistance @43.88 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for HESM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HESM is down. |
| ChartMill Relative Strength | 18.19 | NEGATIVE | HESM has a low relative strength, it was outperformed by 81.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HESM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HESM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HESM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.02 | NEUTRAL | The RSI value for HESM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests HESM has a positive trend. |
| Stochastics (14,3) | 87.48 | OVERBOUGHT | The high Stochastics value suggests HESM may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for HESM suggests low volalility. |
| Average Directional Index/ADX (14) | 37.3 | POSITIVE | The high ADX value value for HESM suggests a strong trend. |
34.14
+0.39 (+1.16%)
HESS MIDSTREAM LP - CLASS A / HESM FAQ
What is the technical rating for HESM stock?
ChartMill assigns a technical rating of 0 / 10 to HESM.
What is the current trend direction of HESS MIDSTREAM LP - CLASS A (HESM) stock?
The current trend direction for HESS MIDSTREAM LP - CLASS A (HESM) is Bearish.
What is the RSI signal for HESM stock?
HESS MIDSTREAM LP - CLASS A (HESM) has an RSI value of 48.0181. This indicates that the stock is currently neutral.
What is the short term momentum for HESS MIDSTREAM LP - CLASS A (HESM) stock?
The short term momentum for HESS MIDSTREAM LP - CLASS A (HESM) is negative.
Can you provide the support and resistance levels for HESS MIDSTREAM LP - CLASS A?
HESS MIDSTREAM LP - CLASS A (HESM) has a support level at 31.73 and a resistance level at 34.15. Check the full technical report for our detailed analysis of HESM support and resistance levels.