HELIX ENERGY SOLUTIONS GROUP - Daily - Technical analysis published on 02/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 9.17 USD
My targets
8.32 USD (-5.24%)
7.89 USD (-10.14%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on HELIX ENERGY SOLUTIONS GROUP as long as the price remains well below 9.17 USD. The next bearish objective for sellers is set at 8.32 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.89 USD. In case of crossing, the next objective would be the support located at 7.48 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HELIX ENERGY SOLUTIONS GROUP price is 8.78 USD. The price registered an increase of +4.28% on the session and was traded between 8.57 USD and 8.91 USD over the period. The price is currently at +2.45% from its lowest and -1.46% from its highest.8.57
8.91
8.78
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HELIX ENERGY SOLUTIONS GROUP:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HELIX ENERGY SOLUTIONS GROUP chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.89 | 8.32 | 8.65 | 8.78 | 9.17 | 9.46 | 9.70 |
| Change (%) | -10.14% | -5.24% | -1.48% | - | +4.44% | +7.74% | +10.48% |
| Change | -0.89 | -0.46 | -0.13 | - | +0.39 | +0.68 | +0.92 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.16 | 8.23 | 8.33 | 8.40 | 8.50 | 8.57 | 8.67 |
| Camarilla | 8.37 | 8.39 | 8.40 | 8.42 | 8.44 | 8.45 | 8.47 |
| Woodie | 8.17 | 8.24 | 8.34 | 8.41 | 8.51 | 8.58 | 8.68 |
| Fibonacci | 8.23 | 8.30 | 8.34 | 8.40 | 8.47 | 8.51 | 8.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.52 | 7.85 | 8.09 | 8.42 | 8.66 | 8.99 | 9.23 |
| Camarilla | 8.18 | 8.24 | 8.29 | 8.34 | 8.39 | 8.44 | 8.50 |
| Woodie | 7.49 | 7.83 | 8.06 | 8.40 | 8.63 | 8.97 | 9.20 |
| Fibonacci | 7.85 | 8.06 | 8.20 | 8.42 | 8.63 | 8.77 | 8.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.11 | 7.14 | 7.74 | 8.77 | 9.37 | 10.40 | 11.00 |
| Camarilla | 7.89 | 8.04 | 8.19 | 8.34 | 8.49 | 8.64 | 8.79 |
| Woodie | 5.90 | 7.03 | 7.53 | 8.66 | 9.16 | 10.29 | 10.79 |
| Fibonacci | 7.14 | 7.76 | 8.15 | 8.77 | 9.39 | 9.78 | 10.40 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.65 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -2.38 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 8.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.21 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 9.25 | |
| Zig ZAG (10): | 8.71 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 26.67 | |
| TEMA (21): | 8.36 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | 1.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 16.06 |
| MA7: | 8.49 | |
| MA20: | 8.87 | |
| MA50: | 9.01 | |
| MA100: | 8.73 | |
| MAexp7: | 8.57 | |
| MAexp20: | 8.79 | |
| MAexp50: | 8.88 | |
| MAexp100: | 8.70 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | +0.57% | |
| Price / MAexp7: | +2.45% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | +0.92% |
News
The last news published on HELIX ENERGY SOLUTIONS GROUP at the time of the generation of this analysis was as follows:
- Helix to Participate in Upcoming Events
- Helix Reports Third Quarter 2019 Results
- Helix Announces Third Quarter 2019 Earnings Release Date and Conference Call Information
- Helix Reports Fourth Quarter and Full Year 2018 Results
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Helix Energy Solutions Group, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
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