Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of Hess there is not any eligible buy setup. This doesn't mean we expect a selloff for HES in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
"To sell or not to sell", if you are holding Hess stock?. In the same way as when we have to buy shares, choosing when is the best time to sell is not a whimsical decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed strategies are very easy to use but are only applicable for selling stocks you already own, not for shorting HES stock
As a rule of thumb, you must never mantain a trading operation that leads to higher than expected losses upon purchase. The moment to sell your stock should always be ruled by the stop-loss (automatic or manual)
Currently, Hess stock doesn't match any of our preferred sell setups, so if you own Hess stock and your operation is in profit probably is not time to sell now
Hess shares' price gained 16.37% in a month during the time it was above the 50-d MA. Nevertheless that bullish trend may be over, or show some signs of weakening, since the price lost the sma50 level today. For mid-term investors who made profits from the stock while the price was over the average, this flag should be a heads up and a trigger to sell the stock and take their returns
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, 2 brokerage ratings were published for Hess
|Jun 19th, 2020|
|Jun 29th, 2020|
Hess shares started an uptrend in mid-March, and grew an amazing 72.31%. The chart shows higher tops and bottoms, and along the way provided very few buying opportunities for those who wanted to trade in. Latest low was in mid-May, when price bounced at $40.09. Currently, the price trades in a consolidation between its last top ($59.72) and its last bottom ($40.09)
A favorite tool of many trading systems are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Traders use supports and resistances as a way to identify price points on a chart that tend to work as glass ceiling, containing the price of an asset to move up or down. Supports are levels where the price tends to stop as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until meeting another support level. In contrast, resistances are where the price tends to find resistance as it rises. In the same way, the price is more liable to "bounce off" at this level, and if it finally crosses this level, the price will rally more easily until it hits the next resistance
The current resistance levels are:
The current support levels are:
So-called Bollinger bands are a well-known technical strategy introduced by John Bollinger. It comprises three bands that are drawn superimposed on the price evolution chart:
When the price moves out of the band (above the upper line or below the lower line) it signals that the price is currently maintaining a very strong trend and therefore can reverse the trend to the average. In this case, the price is lower the upper band, and that should mean a possible near-term bounce (at least) until it is back above the band
The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to plot the current and historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s
The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for a single day (weak signal). The RSI reading today was 40.19. Since then, Hess price collapsed a 25.12%
Hess hosted the quarterly investors call and released the first-quarter report in early May. Hess posted Q1 earnings of $-0.60 per share on revenue of $1.4 billion. The Wall St estimate was $-0.63 per share on revenue of $1.4 billion.
This compares to earnings of $0.09 per share same quarter last year, so reported EPS means a decrease of -766.67%. Sales sank a -15% on an annualized basis in the first-quarter, from $1.6B to $1.4B last quarter.
Hess presents earnings report on Wednesday next week. Wall Street analysts forecast an earnings per share (EPS) of $-0.88, that is a 46.67% lower than previous quarter. Earnings reporting day has a more than usual risk for stock investors as the results disclosed can soar and sink the stock price with exceptionally low volume and not respecting your buy/stop-loss orders. You can find more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.hess.com.