HES surges 2.45% closing $1.56 higher
Moving higher for the 4th day in a row, HES finished Thursday at 65.17 surging $1.56 (2.45%). This is the biggest single day gain in over a week. Today's closing price of 65.17 marks the highest close since July 2, 2015. Closing above Wednesday's high at 63.84, Hess Corporation confirms its breakout through the previous session's high having traded $1.90 above it intraday.
Thursday's trading range was $2.15 (3.36%), that's above last trading month's daily average range of $1.64. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for Hess Corporation
|Black Candle||TQ Pro Members Only|
|Very Strong Down Move||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|4 Consecutive Lower Closes||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
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