HESS MIDSTREAM LP - CLASS A (HESM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HESM - US4281031058 - Common Stock
We assign a technical rating of 3 out of 10 to HESM. 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: 74% of all stocks are doing better.
- HESM is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 60% are performing better than HESM.
- HESM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month HESM has a been trading in the 33.17 - 35.33 range, which is quite wide. It is currently trading near the high of this range.
- HESM has an average volume of 1534460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
The technical rating of HESM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
31.41
2 important support areas can be observed.
- A support zone ranging from 33.82 to 34.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.73 to 31.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.94 to 34.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.75 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for HESM is up. |
| ChartMill Relative Strength | 26.16 | NEGATIVE | HESM has a low relative strength, it was outperformed by 73.84% off all stocks 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) | DOWN | NEGATIVE | The current price of HESM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.46 | NEUTRAL | The RSI value for HESM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HESM has a positive trend. |
| Stochastics (14,3) | 76.5 | NEUTRAL | The Stochastics value for HESM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for HESM suggests low volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for HESM suggests a weak or negative trend. |
34.93
+0.2 (+0.58%)
HESS MIDSTREAM LP - CLASS A / HESM FAQ
What is the technical rating for HESM stock?
ChartMill assigns a technical rating of 3 / 10 to HESM.
What is the trend direction for 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 60.4558. This indicates that the stock is currently neutral.
What is the short term momentum for HESM stock?
The short term momentum for HESS MIDSTREAM LP - CLASS A (HESM) is positive.
What is the buy/sell signal for HESS MIDSTREAM LP - CLASS A (HESM) stock?
The buy/sell signal for HESS MIDSTREAM LP - CLASS A (HESM) is hold as the short term and long term trends are mixed.