Holly Energy Partners, L.P. (HEP) Stock: What Does the Chart Say Friday?

Friday, September 24, 2021 11:52 AM | InvestorsObserver Analysts

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Holly Energy Partners, L.P. (HEP) Stock: What Does the Chart Say Friday?

Overall market sentiment has been high on Holly Energy Partners, L.P. (HEP) stock lately. HEP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Holly Energy Partners, L.P. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HEP!

See Full HEP Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With HEP Stock Today?

Holly Energy Partners, L.P. (HEP) stock is trading at $18.86 as of 11:34 AM on Friday, Sep 24, a loss of -$0.18, or -0.92% from the previous closing price of $19.03. The stock has traded between $18.74 and $19.12 so far today. Volume today is less active than usual. So far 124,395 shares have traded compared to average volume of 172,776 shares.

More About Holly Energy Partners, L.P.

Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states. The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment. Click Here to get the full Stock Report for Holly Energy Partners, L.P. stock.