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HES Stock Tickeron detected bullish Stock Pattern: Pennant HES on October 31, 2024, netting in a 6.74% gain over 4 weeks

A.I.dvisor
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+6.74% Gain from a Successful pattern Pennant
HES - Hess Corp
Tickeron
Ticker: HES
Company: Hess
Gain: +6.74%
Confirmed: 10/31/24
Succeeded: 11/26/24
Total length: 29 days
On October 28, 2024, A.I.dvisor detected a Pennant Pattern (Bullish) for Hess Corp (HES, $137.06). On October 31, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $149.79. 26 days later, on November 26, 2024, HES reached the target price resulting in a for traders who took a long position in the stock.

HES in upward trend: price may jump up because it broke its lower Bollinger Band on December 06, 2024

HES may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 35 cases where HES's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HES advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 297 cases where HES Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for HES moved out of overbought territory on November 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HES as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for HES turned negative on December 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HES declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HES’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.291) is normal, around the industry mean (5.142). P/E Ratio (34.472) is within average values for comparable stocks, (19.579). Projected Growth (PEG Ratio) (6.419) is also within normal values, averaging (5.566). Dividend Yield (0.011) settles around the average of (0.084) among similar stocks. P/S Ratio (4.529) is also within normal values, averaging (156.268).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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HES
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A.I. Advisor
published General Information

General Information

a producer of crude oil

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
1185 Avenue of the Americas
Phone
+1 212 997-8500
Employees
1756
Web
https://www.hess.com