The chart of Hess Midstream LP (HESM) reveals a short-term downtrend, with shares pulling back from recent highs near 44.14 over the past 52 weeks. Over the last 30 days, the stock has shed about 7%, reflecting consolidation within a broader sideways pattern after a 10% gain in the prior six months. The price action shows lower highs and lows in recent sessions, trading within a narrowing range amid reduced volatility. Longer-term, HESM remains above the 52-week low of 31.63 but has tested key zones below the 200-day moving average, signaling caution for bulls.
Moving averages align bearishly for HESM. The current price of approximately 37.34 sits above the 5-day simple (37.11) and exponential (37.25) averages but below the 10-day (37.38 SMA), 20-day (37.55 SMA), 50-day (37.39 SMA), 100-day (38.06 SMA), and 200-day (38.81 SMA) levels. Exponential averages reinforce this, with the price under the 20-day EMA (37.39), 50-day (37.58), 100-day (37.95), and 200-day (38.20). This configuration suggests weakening momentum and potential for further downside if support fails.
Momentum indicators present a mixed but predominantly bearish picture. The RSI(14) at 48.27 remains neutral, neither overbought nor oversold. Stochastic (9,6) at 22.08 and Williams %R at -65.85 signal oversold conditions, hinting at possible short-term relief. However, MACD(12,26) at -0.07 with a sell signal dominates, alongside CCI(14) at -68.44 and other oscillators like Ultimate Oscillator (41.51) pointing to selling pressure. ADX(14) at 31.81 indicates a strengthening trend, likely downward.
Pivot points highlight near-term levels: support at S1 (36.98), S2 (36.82), and S3 (36.72), with the pivot at 37.08. Resistance lies at R1 (37.24), R2 (37.34), and R3 (37.50). Broader chart zones include potential support near the recent lows around 36.70-37.00 and resistance up to 38.00, aligning with shorter-term moving averages. Traders eye these pivots for breakout or breakdown confirmation.
Trading volume for HESM remains in line with averages around 1.6 million shares daily, without notable spikes. Low beta (0.05) and volatility (2.7%) underscore stable, range-bound behavior, with price action respecting key levels absent unusual activity.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, technical indicators, and price patterns, generating actionable buy or sell signals for stocks like HESM. These signals draw from trend recognition, historical pattern matching, and momentum analysis to pinpoint potential entry and exit opportunities. Traders rely on them to validate chart setups, time trades amid volatility, and bolster decision-making processes. Explore the latest signals for informed trading strategies.
Traders monitor HESM for a hold above 37.00 support to stabilize the downtrend, or a breach targeting 36.70. Upside requires clearing 37.50 resistance toward 38.00. Watch RSI for divergence, MACD crossover, and moving average realignments for trend shifts. Volume pickup near pivots could signal directional moves.
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A.I.dvisor indicates that over the last year, HESM has been loosely correlated with LNG. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if HESM jumps, then LNG could also see price increases.
| Ticker / NAME | Correlation To HESM | 1D Price Change % | ||
|---|---|---|---|---|
| HESM | 100% | -0.55% | ||
| LNG - HESM | 63% Loosely correlated | +2.78% | ||
| OKE - HESM | 54% Loosely correlated | -0.34% | ||
| TRGP - HESM | 53% Loosely correlated | -0.31% | ||
| AM - HESM | 49% Loosely correlated | +2.20% | ||
| PAA - HESM | 47% Loosely correlated | +1.06% | ||
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