HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Technical Analysis
NYSE:HLX - New York Stock Exchange, Inc. - US42330P1075 - Common Stock - Currency: USD
Taking everything into account, HLX scores 1 out of 10 in our technical rating. HLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
88% of all other stocks performed better in the past year than HLX.
HLX is currently trading in the lower part 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
HLX has an average volume of 1949680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HLX is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, HLX did better than 40% of them.
In the last month HLX has a been trading in the 6.02 - 7.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of HLX is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.91
9.54
We found 1 important support area.
- A support zone ranging from 5.97 to 5.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 6.72 to 6.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.43 from a trend line in the daily time frame.
- Resistance @8.17 from a trend line in the daily time frame.
- Resistance @9.10 from a horizontal line in the daily time frame.
- Resistance @9.45 from a trend 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 | DOWN | NEGATIVE | The long term trend for HLX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HLX is neutral. |
| ChartMill Relative Strength | 12.16 | NEGATIVE | HLX has a low relative strength, it was outperformed by 87.84% 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) | DOWN | NEGATIVE | The current price of HLX is below a declining 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) | 55.22 | NEUTRAL | The RSI value for HLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HLX has a positive trend. |
| Stochastics (14,3) | 42.97 | NEUTRAL | The Stochastics value for HLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for HLX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.22 | 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)
6.71
+0.45 (+7.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg7.19%
1 Week6%
2 Weeks3.71%
1 Month4.52%
3 Month-17.97%
6 Month-32.43%
12 Month-34.85%
2 Year-9.08%
3 Year116.45%
5 Year93.37%
10 Year-46.87%
15 Year-37.7%
Volatility
ATR(14)0.22
ATR(20)%3.65%
ATR Inc86.59%
Range Today0.59
ADR(20)0.22
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.16
Mansfield-3.06
10 Day High6.75
10 Day Low6.02
20 Day High7.11
20 Day Low6.02
52 Week High13.05
52 Week Low5.66
CS1 End5.98
CR1 Start6.72
Volume & EV
DER(3)1.23%
DER(5)2%
Volume1.40M
Volume Incr-51.58%
Vol(5)952.32K
Vol(50)1.95M