Hess Corporation is an exploration and production (E&P) company. Co. is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the U.S. (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. Co. operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas.
When researching a stock like Hess, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from HES Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for HES stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the HES 200 day moving average ("HES 200 DMA"), while one of the most popular "shorter look-backs" is the HES 50 day moving average ("HES 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Hess. |
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Video: Technical Analysis