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Archive
- 6/6/2025 -
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Hess Corporation (HES) Technical Analysis
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| | It was a second consecutive positive week for the Hess Corporation (HES). During the week, the HES gained 3.94 points, or 2.98%, and closed at 136.13 on Friday, June 6, 2025. It was the best weekly gain since March 21, 2025. Weekly volume was 19% above average.
HES is a member of Energy Sector. Energy is the most oversold sector. HES is a member of Integrated Oil & Gas Industry. Integrated Oil & Gas is the fifth most oversold industry. 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 October 19, 2023 at 167.75 and reached 123.79 on September 11, 2024. HES lost 43.96 points, or 26.21%, in 46 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 117.63 and resistance is at 153.43. 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 uptrend had started on September 11, 2024 at 123.79 and reached 161.70 on March 31, 2025. HES gained -37.91 points, or -30.62%, in 28 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 132.75 and resistance is at 168.23. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HES weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. 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 April 11, 2025 at 124.30 and reached 137.55 on May 12, 2025. HES gained -13.25 points, or -10.66%, in 31 days. The price is now at the 10.72% retracement level.
Daily Technical Indicators: [See HES daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 24, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.38% on Friday. It is 57.62% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price 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.
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