Helix Energy Solutions HLX Investment Analysis and Advice

Source: Stock Traders Daily

Longer Term Trading Plans for HLX
  • Buy HLX slightly over 3.08 target 3.96 stop loss @ 3.07 Details
  • The technical summary data tells us to buy HLX near 3.08 with an upside target of 3.96. This data also tells us to set a stop loss @ 3.07 to protect against excessive loss in case the stock begins to move against the trade. 3.08 is the first level of support below 3.94 , and by rule, any test of support is a buy signal. In this case, support 3.08 would be being tested, so a buy signal would exist.

  • Short HLX under 3.96, target 3.08, stop loss @ 3.97 Details
  • The technical summary data is suggesting a short of HLX as it gets near 3.96 with a downside target of 3.08. We should have a stop loss in place at 3.97though. 3.96 is the first level of resistance above 3.94, and by rule, any test of resistance is a short signal. In this case, if resistance 3.96 is being tested, so a short signal would exist.

Swing Trading Plans for HLX
  • Buy HLX slightly over 3.96, target 4.16, Stop Loss @ 3.95 Details
  • If 3.96 begins to break higher, the technical summary data tells us to buy HLX just slightly over 3.96, with an upside target of 4.16. The data also tells us to set a stop loss @ 3.95 in case the stock turns against the trade. 3.96 is the first level of resistance above 3.94, and by rule, any break above resistance is a buy signal. In this case, 3.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HLX near 3.96, target 3.08, Stop Loss @ 3.97. Details
  • The technical summary data is suggesting a short of HLX if it tests 3.96 with a downside target of 3.08. We should have a stop loss in place at 3.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 3.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HLX
  • Buy HLX slightly over 4.16, target 4.87, Stop Loss @ 4.15 Details
  • If 4.16 begins to break higher, the technical summary data tells us to buy HLX just slightly over 4.16, with an upside target of 4.87. The data also tells us to set a stop loss @ 4.15 in case the stock turns against the trade. 4.16 is the first level of resistance above 3.94, and by rule, any break above resistance is a buy signal. In this case, 4.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HLX near 4.16, target 3.08, Stop Loss @ 4.17. Details
  • The technical summary data is suggesting a short of HLX if it tests 4.16 with a downside target of 3.08. We should have a stop loss in place at 4.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 4.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HLX Ratings for August 18:

Term →Near Mid Long
Rating Neutral Strong Neutral
P1 0 0 3.08
P2 4.09 4.16 3.96
P3 0 4.87

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HLX Long Term Analysis for August 18 2022


HLX Swing Trading Analysis for August 18 2022


HLX Day Trading Analysis for August 18 2022

Prudent Investment Analysis requires observations of the support and resistance levels for Helix Energy Solutions (NYSE: HLX) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HLX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HLX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HLX too.  All of these are offered below the Summary Table.