Hess Could Be Turning HigherEnergy 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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