HES | SHORTNYSE:HES
Technical Analysis of Hess Corporation (HES)
Key Observations:
Current Price Action:
Price: $137.31
Recent Drop: -12.94 (-8.61%)
Support and Resistance Levels:
Immediate Support: $135.95 (Bearish Line)
Further Supports: $129.00 (Target Price 1), $113.82 (Target Price 2), and $100.86 (Target Price 3)
Resistance: The price recently broke below a support level at around $150.76.
Trendlines:
The price has broken below a key upward trendline, indicating a potential shift from a bullish to a bearish trend.
Relative Strength Index (RSI):
Current RSI: 43.39
The RSI shows a decline, indicating increasing selling pressure and approaching the oversold zone.
Target Prices:
Target Price 1: $129.00
This level is the immediate support and a potential first target for any continued downward movement.
Target Price 2: $113.82
If the price breaks below the immediate support, the next target is around $113.82, a previous support level.
Target Price 3: $100.86
Further downside could see the price reaching $100.86, another key support level.
Summary:
Hess Corporation (HES) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $135.95, $129.00, $113.82, and $100.86. The RSI indicates potential for further declines if market conditions remain negative.
HES
HES weekly bearish hammer at all time highHES weekly bearish hammer at all time high had to take this one.
Sustainable InfrastructureThis post is in response to the @TradingView long short competition. For the competition, Trading View asked users for their best pair trade idea for the given market conditions.
My entry is long HASI and short HESS.
Many of you may already be familiar with HESS corporation.
HESS is an oil company that engages in the exploration, development, production, transportation, purchase & sale of crude oil. Hess has production operations located primarily in the United States, but also it pumps fossil fuels out of Guyana, Thailand, and Malaysia. I am short HESS because the price action is forming an onimous shooting star candle on the quarterly chart. Furthermore, this bearish candle is occurring right at the Fibonacci high created right before the Great Recession.
HESS is also the company that makes those adorable little toy trucks to instill the love of fossil fuels in the public from a very young age:
Fewer of you may be familiar with HASI or Hannon Armstrong Sustainable Infrastructure Capital.
HASI is the first U.S. public company solely dedicated to investments in climate solutions. It provides capital for leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. Importantly, HASI provides capital for real estate to be used for sustainable infrastructure development. Website: www.hannonarmstrong.com
HASI currently has more than $9 billion in managed assets. Its core purpose is to make climate positive investments with superior risk-adjusted returns. I am long HASI because its price has been growing exponentially since its inception. Despite its recent pullback, the quarterly candle was cleanly supported by the 20 EMA. This is a great opportunity to go long.
I have chosen HASI and HESS for another important reason. Their ratio reflects the insurmountable challenge that climate change poses.
According to the Global Commission on the Economy and Climate, the world will have to invest $90 trillion in sustainable infrastructure by 2030 to combat climate change.
To put that into perspective, investment in sustainable infrastructure companies like HASI will need to increase hundredfolds, if not thousandfolds or more, relative to investment in fossil fuel exploration and production companies like HESS, if we are to successfully tackle climate change.
This chart shows just how tremendous this magnitude of change in capitalization must be. Even with logarithmic adjustment, the growth curve still looks exponential.
I chose a yearly chart to illustrate how few candlesticks we have left to increase the magnitude of this ratio in order to successfully combat climate change.
Just 8 candlesticks are left until 2030...
HES - Breakout Trend LineBreakout on dominant trend line
Can be seen to move out of resistance in red
$HES Hits the Defining the Long Term Level.. It's OnHES shares test massive bear range trigger. The future is binary and important for this stock. But if the world realizes the presence of a global policy force in the oil market is a good thing, a whole lot of shorts are likely to get burned.
HES Corp at key levelHess Corporation is currently at a key level. Breaking this level could trigger more than 20% down. My PV is about $67 but as you can see was already there, so I would wait for some opportunity around $42.
Wish you the Best!
Learn how to beat the market as Professional Trader with an ex-insider!
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
HES continuation of Long- MACD Timeframe Indicator (12, 26, 9) Hourly and Daily Timeframes showing bullings patters as both are > 0 and MACD > Signal Line
- Ichimoku Indicator pointing higher with Kijun Sen above the Kumo Cloud and Price above the Kijun Sen
HES Long continuationHES Daily Chart has an RSI hovering around the 60-support level.
HES Intraday chart, look for bullish price action with Kumo Breakouts for entry (1 min, 5 min, 15 min)
$HES Bullish movement on 5-min chartPrice continuation through the Ichimoku Cloud on the 1-hour chart on HES. Tenkan-Sen above the cloud and above the Kijun-Sen. Look for oversold signals on the Stochastic for entr [ /image]ies or support along the Cloud
HES -- POST EARNINGS HIGH VOL PLAYWith a dwindling earnings calendar and some buying power to put to good use, I'm looking to go where the IVR/IV takes me. With an IVR of 74 and fairly decent IV of 43, HES popped up toward the top of the Dough "Notable Stocks" grid (sorted by IVR).
Here's my set up:
Dec 24 51/68 Short Strangle
POP%: 75%
Max Profit: $150/contract
BPE: ~$597/contract
BE's: 49.50/69.50
Notes: The underlying isn't the most liquid thing, so you may not get a fill at this particular price and might have to monkey around with it a bit. Me, I'm just going to enter the order and if it fills, it fills. If it doesn't, I'll look at it again next week to still if there's still premium in the play. As always, I'll look to take the trade off at 50% max profit so I can redeploy the capital elsewhere.
