HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:HLX • US42330P1075
Taking everything into account, HLX scores 8 out of 10 in our technical rating. Although HLX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- HLX is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 65% are performing better than HLX.
- The long and short term trends are both positive. This is looking good!
- 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 6.78 - 8.53 range, which is quite wide. It is currently trading near the high of this range.
- HLX has an average volume of 1807650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that HLX is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
Although HLX 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
6.03
We found 3 important support areas.
- A support zone ranging from 7.04 to 7.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.26 to 6.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We found 1 important resistance area.
- Resistance @8.10 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 | 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 | 73.47 | POSITIVE | HLX has a high relative strength, it outperformed 73.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HLX is above 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) | 65.57 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests HLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.36 | OVERBOUGHT | The high Stochastics value suggests HLX may be overbought. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for HLX suggests some volalility. |
| Average Directional Index/ADX (14) | 44.03 | POSITIVE | The high ADX value value for HLX suggests a strong trend. |
8.09
-0.22 (-2.65%)
HELIX ENERGY SOLUTIONS GROUP / HLX FAQ
Can you provide the ChartMill technical rating for HELIX ENERGY SOLUTIONS GROUP?
ChartMill assigns a technical rating of 8 / 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 HLX stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has an RSI value of 65.5687. This indicates that the stock is currently neutral.
What is the MACD signal for HLX stock?
The MACD indicator for HELIX ENERGY SOLUTIONS GROUP (HLX) has a value of 0.067333, indicating a bearish trend.
What is the support and resistance level for HLX stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has a support level at 7.13 and a resistance level at 8.1. Check the full technical report for our detailed analysis of HLX support and resistance levels.