Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


HELMERICH & PAYNE

New York Stock Exchange, Inc. / Energy / Energy Equipment & Services

Technical Rating and Analysis

7

Overall HP gets a technical rating of 7 out of 10. In the last year, HP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

Both the short term and long term trends are positive. This is a very positive sign.
In the last month HP has a been trading in the 37.28 - 40.84 range, which is quite wide. It is currently trading near the high of this range.
HP has an average volume of 1464050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HP is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
HP is part of the Energy Equipment & Services industry. There are 66 other stocks in this industry, HP did better than 55% of them.
HP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HP is lagging the market.
Weekly and Daily overview Charts
HP Weekly chart
HP Daily chart
Setup Rating and Analysis

10

Besides having an excellent technical rating, HP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 40.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

33.17

46.43

We found 4 important support areas.

  • A support zone ranging from 38.45 to 40.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 37.33 to 37.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @36.46 from a horizontal line in the daily time frame.
  • A support zone ranging from 33.50 to 33.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

  • Resistance @40.29 from a trend line in the weekly time frame.
  • Resistance @41.36 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 45.47 to 45.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.03
Mansfield-0.74
10 Day High40.84
10 Day Low37.99
20 Day High40.84
20 Day Low37.28
52 Week High46.55
52 Week Low30.41
Performance
1 Week1.16%
2 Weeks4.52%
1 Month1.39%
3 Month9.81%
6 Month-6.12%
12 Month18.97%
2 Year-6.03%
3 Year49.11%
5 Year-27.65%
10 Year-62.63%
15 Year76.55%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)60.5
LBB37.77
UBB40.73
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
40.3038.441.86 (4.62%)21.67%
An entry @40.30. This is a Buy Stop order right above the resistance zone.An exit @38.44. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.86 points, which is 4.62%.For a 1.00% total portfolio risk, you can invest 21.67% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.