Hess stock: buy or sell
Aug 1st, 2021
Hess stock brief
- Hess stock fell -1.57% to close at $76.44 on the stock market on Friday.
- Hess presented its earnings report last Wednesday
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $34.45. This rally marked a 121.89% gain
- Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas.
Should I buy Hess stock?
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
Is $HES stock a buy?
Currently, Hess stock matches one trading strategy:
Uptrend buy setup
Hess stock is in an uptrend since in October 2020 that so far marked a gorgeous 122.00% gain. Price marked a local bottom in this uptrend at $72.43 on July 19, and since then it bounced off a 5.54%. Breaking out over $91.09 - it's last top - will be a good entry point if Hess resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $81.98
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$91.09||$81.98||10.00%|
Should I sell Hess stock?
"To sell or not to sell", if you are holding Hess shares?. Trading strategies let us to avoid impetuous decisions based on our personal moods or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for shorting Hess stock
A golden rule is that you should never mantain a trade that leads to higher than expected losses at the time of purchase. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Hess stock?
In the current situation of Hess there is not any eligible sell setup, so Hess stock holders with operations in green can keep their positions
We don't have any rating published in the previous month for Hess
Hess stock analysis
Hess stock started an uptrend in October 2020, and gained a gorgeous 121.89%. The price action shows higher peaks and higher troughs, and along the way provided some buy points for those who wanted to trade in. Latest low was on July 19, when price bounced at $72.43. Currently, it swings in a consolidation between its last top ($91.09) and its last bottom ($72.43)
Supports and resistances
The current resistances are:
The current support levels are:
Since the price broke down the lower band on July 20, the price has bounced up by 4.94%
Relative strength index
The RSI broke out the oversold line of 30 on July 21 after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI value on Friday was 41.79
Hess stock price history
Hess went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, HES stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Hess stock on Mar 1980, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Hess stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by analysts for the last 30 days. If you are a small investor you must not buy or sell based on these projections.
We don't have any target price posted in the previous month for Hess.
Earnings and financials
Last Wednesday, Hess ($HES) hosted the investors call and released the report.In contrast, the EPS for the same quarter last year was $-1.05, so current EPS means 100.00%. Looking at sales, figures skyrocketed a 87.88% compared to $8.2B year over year.
Hess ($HES) will host the earnings call next October.
Disclaimer:The comments expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the particular circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for education reasons only
|Friday, July 30th, 2021|
|Day range||$75.39 - $77.62|
|Average true range||$3.73|
|50d mov avg||$84.00|
|100d mov avg||$78.66|
|200d mov avg||$65.76|
|Earnings date||October 26th, 2021|