HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Technical Analysis
NYSE:HLX • US42330P1075
Taking everything into account, HLX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HLX is only an average performer.
- HLX is one of the lesser performing stocks in the Energy Equipment & Services industry. 72% of 60 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- HLX has an average volume of 2057280 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 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
- In the last month HLX has a been trading in the 8.02 - 10.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 4 important support areas.
- A support zone ranging from 8.87 to 8.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.38 from a horizontal line in the daily time frame.
- A support zone ranging from 6.39 to 6.40. 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.
- A resistance zone ranging from 9.22 to 9.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 79.19 | POSITIVE | HLX has a high relative strength, it outperformed 79.19% 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) | 57.08 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HLX has a negative trend. |
| Stochastics (14,3) | 39.35 | NEUTRAL | The Stochastics value for HLX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.62 | HIGH VOLATILITY | The high ATR as a percentage value for HLX suggests high volalility. |
| Average Directional Index/ADX (14) | 48.01 | POSITIVE | The high ADX value value for HLX suggests a strong trend. |
9.21
-0.1 (-1.07%)
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 57.079. 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 -0.0205911, indicating a bearish trend.
What is the support and resistance level for HLX stock?
HELIX ENERGY SOLUTIONS GROUP (HLX) has a support level at 8.98 and a resistance level at 9.22. Check the full technical report for our detailed analysis of HLX support and resistance levels.