HELMERICH & PAYNE (HP) Stock Technical Analysis
USA - NYSE:HP - US4234521015 - Common Stock
We assign a technical rating of 9 out of 10 to HP. Both in the recent history as in the last year, HP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although HP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.05
3 important support areas can be observed.
- A support zone ranging from 23.86 to 24.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.04 from a trend line in the daily time frame.
- Support @15.20 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 26.27 to 26.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.87 from a trend line in the weekly time frame.
- Resistance @30.30 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HP is up. |
| ChartMill Relative Strength | 82.15 | POSITIVE | HP has a high relative strength, it outperformed 82.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.37 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests HP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.75 | OVERBOUGHT | The high Stochastics value suggests HP may be overbought. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 41.76 | POSITIVE | The high ADX value value for HP suggests a strong trend. |
26.26
-0.42 (-1.57%)
HELMERICH & PAYNE / HP FAQ
What is the technical rating for HP stock?
ChartMill assigns a technical rating of 9 / 10 to HP.
Can you provide the trend direction for HELMERICH & PAYNE?
The current trend direction for HELMERICH & PAYNE (HP) is Bullish.
What is the RSI signal for HP stock?
HELMERICH & PAYNE (HP) has an RSI value of 69.3678. This indicates that the stock is currently neutral.
What is the short term momentum for HELMERICH & PAYNE (HP) stock?
The short term momentum for HELMERICH & PAYNE (HP) is positive.
What is the support and resistance level for HP stock?
HELMERICH & PAYNE (HP) has a support level at 24.16 and a resistance level at 26.27. Check the full technical report for our detailed analysis of HP support and resistance levels.