HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Technical Analysis
USA - NYSE:HLX - US42330P1075 - Common Stock
Taking everything into account, HLX scores 5 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.
Although the technical rating is only medium, HLX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.40, a Stop Loss order could be placed below this zone.
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5.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.37 to 6.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.09 from a horizontal line in the daily time frame.
- A support zone ranging from 5.69 to 5.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.69 to 6.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.96 to 7.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.20 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for HLX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HLX is neutral. |
| ChartMill Relative Strength | 24.64 | NEGATIVE | HLX has a low relative strength, it was outperformed by 75.36% 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) | DOWN | NEGATIVE | The current price of HLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.23 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HLX has a negative trend. |
| Stochastics (14,3) | 31.37 | NEUTRAL | The Stochastics value for HLX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for HLX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.33 | NEUTRAL | The ADX value for HLX suggests a possible start of a new trend. |
6.68
+0.03 (+0.45%)
HELIX ENERGY SOLUTIONS GROUP / HLX FAQ
Can you provide the ChartMill technical rating for HELIX ENERGY SOLUTIONS GROUP?
ChartMill assigns a technical rating of 5 / 10 to HLX.
What is the trend direction for HLX stock?
The current trend direction for HELIX ENERGY SOLUTIONS GROUP (HLX) is Bearish.
What is the RSI signal for HLX stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has an RSI value of 51.2276. This indicates that the stock is currently neutral.
What are the support and resistance levels for HELIX ENERGY SOLUTIONS GROUP (HLX) stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has a support level at 6.4 and a resistance level at 6.69. Check the full technical report for our detailed analysis of HLX support and resistance levels.