HESS MIDSTREAM LP - CLASS A (HESM) Stock Technical Analysis
NYSE:HESM - New York Stock Exchange, Inc. - US4281031058 - Common Stock - Currency: USD
Overall HESM gets a technical rating of 3 out of 10. In the past year, HESM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, HESM is a bad performer in the overall market: 64% of all stocks are doing better.
HESM has an average volume of 1179330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
HESM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 213 stocks in the same industry.
HESM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HESM is lagging the market slightly.
In the last month HESM has a been trading in the 36.65 - 40.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, HESM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.85
44.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.69 to 38.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.59 to 36.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.19 to 35.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 38.59 to 39.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.89 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 | NEUTRAL | NEUTRAL | The long term trend for HESM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HESM is neutral. |
| ChartMill Relative Strength | 36.9 | NEUTRAL | HESM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HESM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HESM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HESM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.76 | NEUTRAL | The RSI value for HESM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HESM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.69 | NEUTRAL | The Stochastics value for HESM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for HESM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for HESM 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)
38.5
-0.07 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.18%
1 Week-2.41%
2 Weeks0.34%
1 Month1.08%
3 Month-9.94%
6 Month6.35%
12 Month6.94%
2 Year25.49%
3 Year37.5%
5 Year110.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%2.11%
ATR Inc-20.33%
Range Today0.56
ADR(20)0.77
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.9
Mansfield-0.18
10 Day High40.04
10 Day Low38.24
20 Day High40.04
20 Day Low36.65
52 Week High44.05
52 Week Low33.59
CS1 End38.43
CR1 Start38.59
Volume & EV
DER(3)-4.2%
DER(5)-1.7%
Volume4.63M
Volume Incr65.31%
Vol(5)2.11M
Vol(50)1.18M