Energy is emerging as one of the stronger sectors this year, and some traders may see an opportunity in exploration-and-production company Hess.
The first pattern on today’s chart is the January 17 weekly close of $151.35. Prices have challenged this level but not yet closed above it. Could it now serve as a trigger for a breakout?
Second is the series of lower highs between last April and late November. HES began 2025 with a push above the falling trendline and it’s mostly stayed there since. That may indicate a period of downward movement has ended.
Next, the 50-day simple moving average (SMA) was below the 100-day SMA in November and both were under the 200-day SMA. The order flipped in subsequent months, with the faster SMAs now above the slower ones. The new alignment could reflect longer-run bullishness.
Finally, the lower study includes our 2 MA Ratio custom script. It shows the 8-day exponential moving average (EMA) pushing above the 21-day EMA, which is potentially consistent with short-term bullishness.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit https://www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
The first pattern on today’s chart is the January 17 weekly close of $151.35. Prices have challenged this level but not yet closed above it. Could it now serve as a trigger for a breakout?
Second is the series of lower highs between last April and late November. HES began 2025 with a push above the falling trendline and it’s mostly stayed there since. That may indicate a period of downward movement has ended.
Next, the 50-day simple moving average (SMA) was below the 100-day SMA in November and both were under the 200-day SMA. The order flipped in subsequent months, with the faster SMAs now above the slower ones. The new alignment could reflect longer-run bullishness.
Finally, the lower study includes our 2 MA Ratio custom script. It shows the 8-day exponential moving average (EMA) pushing above the 21-day EMA, which is potentially consistent with short-term bullishness.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit https://www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.