HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HLX - US42330P1075 - Common Stock
Taking everything into account, HLX scores 4 out of 10 in our technical rating. In the last year, HLX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
HLX has an average technical rating and the quality of the presented setup is also not ideal 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.
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6.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.59 to 6.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.09 to 6.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.17 to 7.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @7.34 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 | 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 | 29.22 | NEGATIVE | HLX has a low relative strength, it was outperformed by 70.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HLX is above a declining 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 | MIXED | The current price of HLX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.66 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests HLX has a positive trend. |
| Stochastics (14,3) | 89.32 | OVERBOUGHT | The high Stochastics value suggests HLX may be overbought. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for HLX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.81 | NEUTRAL | The ADX value for HLX suggests a possible start of a new trend. |
7.07
+0.09 (+1.29%)
HELIX ENERGY SOLUTIONS GROUP / HLX FAQ
Can you provide the ChartMill technical rating for HELIX ENERGY SOLUTIONS GROUP?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for HLX stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has an RSI value of 60.6639. 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 0.0784824, indicating a bearish trend.
What is the support and resistance level for HLX stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has a support level at 6.71 and a resistance level at 7.17. Check the full technical report for our detailed analysis of HLX support and resistance levels.