(HES) Investment Analysis

November 23, 2024, 12:32 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HES

• Buy HES near 140.61 target 151.04 stop loss @ 140.2 Details

The technical summary data tells us to buy HES near 140.61 with an upside target of 151.04. This data also tells us to set a stop loss @ 140.2 to protect against excessive loss in case the stock begins to move against the trade. 140.61 is the first level of support below 148.65 , and by rule, any test of support is a buy signal. In this case, support 140.61 is being tested, a buy signal would exist.

• Short HES slightly under 151.04, target 140.61, stop loss @ 151.48 Details

The technical summary data is suggesting a short of HES as it gets near 151.04 with a downside target of 140.61. We should have a stop loss in place at 151.48though. 151.04 is the first level of resistance above 148.65, and by rule, any test of resistance is a short signal. In this case, if resistance 151.04 is being tested, a short signal would exist.

Swing Trading Plans for HES

• Buy HES slightly over 149.06, target 151.04, Stop Loss @ 148.63 Details

If 149.06 begins to break higher, the technical summary data tells us to buy HES just slightly over 149.06, with an upside target of 151.04. The data also tells us to set a stop loss @ 148.63 in case the stock turns against the trade. 149.06 is the first level of resistance above 148.65, and by rule, any break above resistance is a buy signal. In this case, 149.06, 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 HES slightly near 149.06, target 146, Stop Loss @ 149.49. Details

The technical summary data is suggesting a short of HES if it tests 149.06 with a downside target of 146. We should have a stop loss in place at 149.49 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, 149.06, 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 HES

• Buy HES slightly over 149.11, target 151.04, Stop Loss @ 148.76 Details

If 149.11 begins to break higher, the technical summary data tells us to buy HES just slightly over 149.11, with an upside target of 151.04. The data also tells us to set a stop loss @ 148.76 in case the stock turns against the trade. 149.11 is the first level of resistance above 148.65, and by rule, any break above resistance is a buy signal. In this case, 149.11, 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 HES slightly near 149.11, target 147.63, Stop Loss @ 149.46. Details

The technical summary data is suggesting a short of HES if it tests 149.11 with a downside target of 147.63. We should have a stop loss in place at 149.46 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, 149.11, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Hess Corporation (HES) available here: HES.

HES Ratings for November 23:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	130.02
P2	147.63	146	140.61
P3	149.11	149.06	151.04

AI Generated Signals for HES

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With an objective approach to Hess Corporation (NYSE: HES), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HES 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 HES 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 HES too.  All of these are offered below the Summary Table.