The Greedy Trader Weekly Analysis
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Hess Corporation
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Summary:
Weekly :Oversold sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineBullish Meeting Lines Candlestick
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It was a first positive week after 4 consecutive negative weeks for the Hess Corporation (HES). During the week, the HES gained 2.80 points, or 4.97%, and closed at 59.15 on Friday, November 09, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was -6% below average.

HES is a member of Basic Materials Sector. Basic Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HES long-term trend chart]
A long-term downtrend had started on July 30, 2014 at 104.50 and reached 32.41 on January 20, 2016. HES lost 72.09 points, or 68.99%, in 77 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (40.84) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See HES medium-term trend chart]
A medium-term downtrend had started on October 1, 2018 at 74.81 and reached 55.12 on October 30, 2018. HES lost 19.69 points, or 26.32%, in 4 weeks. The price is now at the 20.47% retracement level.

Weekly Technical Indicators: [See HES weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See HES short-term trend chart]
A short-term uptrend had started on October 30, 2018 at 55.12 and reached 61.29 on November 7, 2018. HES gained -6.17 points, or -11.19%, in 8 days. The price is now at the 34.68% retracement level.

Daily Technical Indicators: [See HES daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Candlestick pattern: [See HES candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.40
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 66.48
Greed/Fear Indicator (GFI) 43.10
Moving Average Converg./Diverg. (MACD) -2.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.56
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 24.38
Greed/Fear Indicator (GFI) 28.55
Moving Average Converg./Diverg. (MACD) 2.81
Trading Signals
Description Value Chart
Upper Bollinger Band 66.97
50 Day Moving Average 65.27
20 Day Moving Average 60.25
Daily Stochastic Crossing 59.66
Price 59.15
Weekly Stochastic Crossing 58.35
Parabolic System 56.70
Lower Bollinger Band 54.67
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Oil & Gas Refining/Mrktng 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.12
Low Date 10/30/2018
High 61.29
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.81
High Date 10/01/2018
Low 55.12
Low Date 10/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.25
Low Date 08/30/2017
High 74.81
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.41
Low Date 01/20/2016
High 74.81
High Date 10/01/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 34.29
Support 40.84
High 104.50
High Date 07/30/2014
Low 32.41
Low Date 01/20/2016
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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