Hess stock: buy or sell
May 17th, 2021
Hess stock brief
- Hess closed last Friday at $84.33 after skyrocketing a 6.13% breaking a streak of 3 sessions in negative.
- 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?
In the current situation of Hess there is not any eligible buy setup. This doesn't mean we expect a selloff for $HES in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Hess stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. As when we have to buy shares, choosing when is appropiate time to sell is not a fickle decision, and we must use our own trading strategy. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling shares in your porfolio, not for selling short $HES stock
A golden rule is that you should never hold an operation that shows a losses greater than those expected upon the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Hess stock?
Currently, Hess stock doesn't match any of our preferred sell setups, so if you own Hess shares and your operation is in profit probably is not time to sell now
In the last month we couldn't find any rating for Hess
Hess stock analysis
Supports and resistances
The current resistances are:
The current supports are:
The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 69.17. Hess stock went up a 2.14% since that level was lost
Hess stock price history
Hess started trading 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 at that time, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Hess stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts published by financial institutions over the last 30 days. If you are a small investor you should not trade based on these predictions.
In the previous 30 days we couldn't find any price target published for Hess stock.
Earnings and financials
Hess Corporation ($HES) came out with quarterly earnings of $0.82 per share in late April, highly beating the Market consensus estimate of $0.29 per share. This quarterly report means an earnings surprise of 182.76%. Forecasted revenue was $1.5 billion but Hess highly surpassed by 26.25%, reporting $1.9 billion.By comparison, the EPS for the same quarter last year was $-0.60, so reported EPS is a improvement of 236.67%. Looking at sales, figures skyrocketed a 41.84% compared to $13.1B same quarter a year ago.
Hess ($HES) is presenting financial report next July. Estimated for this quarter is $0.17, compared to $0.82 that was reported for Q1.
Important note:The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for general educational motives only
|Friday, May 14th, 2021|
|Day range||$80.74 - $84.5|
|Average true range||$4.11|
|50d mov avg||$72.69|
|100d mov avg||$66.02|
|200d mov avg||$55.47|
|Earnings date||July 28th, 2021|