HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Technical Analysis
USA - NYSE:HLX - US42330P1075 - Common Stock
6.71 USD
-0.25 (-3.59%)
6.71 USD
0 (0%)
Taking everything into account, HLX scores 6 out of 10 in our technical rating. HLX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, HLX is a bad performer in the overall market: 88% of all stocks are doing better.
HLX is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 68% are performing better than HLX.
HLX 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month HLX has a been trading in the 6.03 - 7.06 range, which is quite wide. It is currently trading near the high of this range.
HLX has an average volume of 1582000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, HLX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.97. Right above this resistance zone may be a good entry point. 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
6.02
7.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.45 to 6.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.97 to 6.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for HLX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HLX is up. |
| ChartMill Relative Strength | 12.36 | NEGATIVE | HLX has a low relative strength, it was outperformed by 87.64% 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) | DOWN | NEGATIVE | The current price of HLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.07 | OVERBOUGHT | The high Stochastics value suggests HLX may be overbought. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for HLX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.03 | NEGATIVE | The low ADX value for HLX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 6.98 | 6.44 | 0.54 (7.74%) | 12.93% |
| An entry @6.98. This is a Buy Stop order right above the resistance zone. | An exit @6.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.54 points, which is 7.74%. | When investing 12.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
6.71
-0.25 (-3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.59%
1 Week4.68%
2 Weeks7.19%
1 Month1.82%
3 Month3.71%
6 Month-0.45%
12 Month-39.93%
2 Year-39.93%
3 Year73.83%
5 Year178.42%
10 Year40.08%
15 Year-39.77%
Volatility
ATR(14)0.27
ATR(20)%3.93%
ATR Inc27.65%
Range Today0.42
ADR(20)0.26
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.36
Mansfield-2.22
10 Day High7.06
10 Day Low6.13
20 Day High7.06
20 Day Low6.03
52 Week High11.48
52 Week Low5.52
CS1 End6.56
CR1 Start6.97
Volume & EV
DER(3)3.86%
DER(5)2.46%
Volume1.11M
Volume Incr-11.26%
Vol(5)1.18M
Vol(50)1.58M