The Greedy Trader Weekly Analysis
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Lane's Stochastic (%D-Slow)
The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.
Stochastic oscillator - undervalued stocks and overbought oversold oscillator.
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Lane's Stochastic Divergence - Bullish Divergence and Bearish Divergence.
Lane's Stochastic Divergence,Bullish Divergence,Bearish Divergence
Stochastic oscillator - Lane's Stochastic crossover as stocks trading alerts. Technical investment analysis - technical analysis stock stochastic screening, slow stochastic and fast stochastic, bullish and bearish stock market technical indicator.
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Hess Corporation (HES)

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Hess Corporation (HES). During the week, the HES gained 3.12 points, or 7.19%, and closed at 46.54 on Friday, November 20, 2020. Weekly volume was -16% below average.

Long-term trend: [See HES long-term trend chart]
A long-term downtrend had started on November 12, 2019 at 74.11 and reached 26.06 on March 18, 2020. HES lost 48.05 points, or 64.84%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 34.22 and resistance is at 48.52. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See HES medium-term trend chart]
A medium-term downtrend had started on June 8, 2020 at 60.03 and reached 34.82 on October 29, 2020. HES lost 25.21 points, or 42.00%, in 20 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 32.91 and resistance is at 51.79. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See HES weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See HES short-term trend chart]
A short-term downtrend had started on November 18, 2020 at 48.40 and reached 44.80 on November 19, 2020. HES lost 3.60 points, or 7.44%, in 1 days. The price is now at the 48.33% retracement level.

Daily Technical Indicators: [See HES daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 8, 2020. The distance between MACD and the signal line is relatively high, but getting smaller.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.11
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 86.87
Overbought
Greed/Fear Indicator (GFI) 81.42
Overbought
Moving Average Converg./Diverg. (MACD) 1.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.35
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 41.16
Greed/Fear Indicator (GFI) 48.55
Moving Average Converg./Diverg. (MACD) -2.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 51.79
Upper Bollinger Band 50.99
Quarterly Trendline Resistance 48.52
Daily Stochastic Crossing 47.24
Price 46.54
Parabolic System 43.12
Weekly Stochastic Crossing 41.40
20 Day Moving Average 41.10
50 Day Moving Average 40.33
Lower Bollinger Band 34.11
Sector and Industry
Description Name Rank
Sector Energy 5
Industry Integrated Oil & Gas 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.40
High Date 11/18/2020
Low 44.80
Low Date 11/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.82
Low Date 10/29/2020
High 48.40
High Date 11/18/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 51.79
Support 32.91
High 60.03
High Date 06/08/2020
Low 34.82
Low Date 10/29/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 48.52
Support 34.22
High 74.11
High Date 11/12/2019
Low 26.06
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.81
High Date 10/01/2018
Low 26.06
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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