Helix Energy Solutions Group Inc (HLX): Price Now Near $3.82; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for HLX

At the moment, HLX (Get Ratings)’s price is down $-0.03 (-0.78%) from the hour prior. HLX has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

HLX ranks 47th in terms of today’s price percentage change out of Petroleum and Natural Gas stocks.

HLX’s Technical Outlook on the Daily Chart

Currently, HLX’s price is down $-0.14 (-3.55%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Helix Energy Solutions Group Inc’s price action over the past 90 days can be seen via the chart below.

HLX

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HLX: Daily RSI Analysis

  • For HLX, its RSI is now at 70.9091.
  • HLX and RSI both have consistent trends, as they are both heading down.

For HLX News Traders

Investors and traders in HLX may be particularly interested in the following story that came out in the past day:

Why Oil and Gas Stocks Sizzled Today

OPEC sprang a surprise even as natural gas prices soared, fueling high investor interest in oil and gas stocks.

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