HELIX ENERGY SOLUTIONS GROUP (HLX) Technical Analysis
NYSE:HLX • US42330P1075
Current stock price
HLX Technical Rating and Analysis
Taking everything into account, HLX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HLX is showing a nice and steady performance.
- HLX is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 66% are performing better than HLX.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that HLX is one of the better performing stocks in the market, outperforming 87% of all stocks.
- HLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HLX is lagging the market slightly.
- In the last month HLX has a been trading in the 8.58 - 10.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- HLX has an average volume of 2223120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
HLX Weekly and Daily overview Charts
HLX Setup Rating and Analysis
Besides having an excellent technical rating, HLX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for HLX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
HLX Support and Resistance Analysis
6.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.15 to 9.17. 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 8.74 to 8.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.51 from a trend line in the weekly time frame.
- A support zone ranging from 6.09 to 6.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.64 to 9.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.92 from a trend line in the daily time frame.
- Resistance @10.11 from a horizontal line in the weekly time frame.
HLX Technical Indicator Signal Analysis
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 HLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HLX is up. |
| ChartMill Relative Strength | 87.16 | POSITIVE | HLX has a high relative strength, it outperformed 87.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HLX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.83 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HLX has a negative trend. |
| Stochastics (14,3) | 31.88 | NEUTRAL | The Stochastics value for HLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for HLX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.47 | POSITIVE | The high ADX value value for HLX suggests a strong trend. |
HLX Chart- and CandleStick Pattern Analysis
HLX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.71 | 9.26 | 0.45 (4.63%) | 21.58% |
| An entry @9.71. This is a Buy Stop order right above the resistance zone. | An exit @9.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.45 points, which is 4.63%. | When investing 21.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HLX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HLX Technicals: Chart, Performance Metrics, Trend & Indicators
9.56
-0.02 (-0.21%)
HELIX ENERGY SOLUTIONS GROUP / HLX TA FAQ
Can you provide the ChartMill technical rating for HELIX ENERGY SOLUTIONS GROUP?
ChartMill assigns a technical rating of 10 / 10 to HLX.
Can you provide the trend direction for HELIX ENERGY SOLUTIONS GROUP?
The current trend direction for HELIX ENERGY SOLUTIONS GROUP (HLX) is Bullish.
What is the RSI signal for HELIX ENERGY SOLUTIONS GROUP (HLX) stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has an RSI value of 51.8254. This indicates that the stock is currently neutral.
What is the buy/sell signal for HELIX ENERGY SOLUTIONS GROUP (HLX) stock?
The buy/sell signal for HELIX ENERGY SOLUTIONS GROUP (HLX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HELIX ENERGY SOLUTIONS GROUP?
HELIX ENERGY SOLUTIONS GROUP (HLX) has a support level at 9.17 and a resistance level at 9.64. Check the full technical report for our detailed analysis of HLX support and resistance levels.