HELIX ENERGY SOLUTIONS GROUP (HLX)

US42330P1075 - Common Stock

6.61  +0.03 (+0.46%)

After market: 6.61 0 (0%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to HLX. Although HLX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.



HLX is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 80% of 92 stocks in the same industry.
HLX has an average volume of 1707490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, HLX did better than 88% of all other stocks. However, we also see that HLX couldn't keep up this performance in the last couple of months.
HLX 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 HLX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
In the last month HLX has a been trading in the 6.44 - 7.24 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -8.83% -19.49% 5.59% 42.46% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.29 2.47 - 9.16
HLX Weekly chart
HLX Daily chart

Support/Resistance Analysis


6.50

8.14
When analyzing the support we notice one important area.
  • A support zone ranging from 6.57 to 6.60. 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 6.62 to 6.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 7.16 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @8.06 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, HLX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 6.6, a Stop Loss order could be placed below this zone. 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.

HLX Daily chart

HELIX ENERGY SOLUTIONS GROUP

NYSE:HLX (5/26/2023, 7:04:00 PM)

After market: 6.61 0 (0%)

6.61

+0.03 (+0.46%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.46%
1 Week-1.2%
2 Weeks-1.78%
1 Month-8.83%
3 Month-19.49%
6 Month5.59%
12 Month42.46%
Volatility
ATR(14)0.22
ATR(20)%3.86%
ATR Inc-0.26%
Range Today0.16
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.29
Mansfield0.62
10 Day High6.92
10 Day Low6.52
20 Day High7.24
20 Day Low6.44
52 Week High9.16
52 Week Low2.47
CS1 End6.6
CR1 Start6.62
Volume & EV
DER(3)4.56%
DER(5)1.38%
Volume983.40K
Volume Incr-48.83%
Vol(5)1.03M
Vol(50)1.71M
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