HESS MIDSTREAM LP - CLASS A (HESM) Stock Technical Analysis
NYSE:HESM • US4281031058
Overall HESM gets a technical rating of 8 out of 10. Although HESM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- HESM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 206 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month HESM has a been trading in the 34.44 - 38.01 range, which is quite wide. It is currently trading near the high of this range.
- HESM has an average volume of 1423790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, HESM turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- HESM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HESM is lagging the market.
Although HESM has an excellent technical rating, it does not present a decent entry opportunity 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
32.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 35.04 to 36.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.86 to 34.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 32.73 to 33.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 42.75 to 42.76. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for HESM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HESM is up. |
| ChartMill Relative Strength | 48.96 | 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) | 68.95 | NEUTRAL | The RSI value for HESM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests HESM has a positive trend. |
| Stochastics (14,3) | 93.32 | OVERBOUGHT | The high Stochastics value suggests HESM may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for HESM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.68 | NEUTRAL | The ADX value for HESM suggests a possible start of a new trend. |
37.89
+0.37 (+0.99%)
HESS MIDSTREAM LP - CLASS A / HESM FAQ
What is the technical rating for HESM stock?
ChartMill assigns a technical rating of 8 / 10 to HESM.
What is the trend direction for HESM stock?
The current trend direction for HESS MIDSTREAM LP - CLASS A (HESM) is Bullish.
What is the RSI signal for HESM stock?
HESS MIDSTREAM LP - CLASS A (HESM) has an RSI value of 68.9491. 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 buy as both the short term and long term trends are positive.