HELMERICH & PAYNE (HP) Technical Analysis
NYSE:HP • US4234521015
Current stock price
35.63 USD
+1.96 (+5.82%)
At close:
35.53 USD
-0.1 (-0.28%)
Pre-Market:
HP Technical Rating and Analysis
Overall HP gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, HP did better than 88% of all other stocks.
- HP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HP is lagging the market slightly.
- HP has an average volume of 1488220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HP is an average performer in the Energy Equipment & Services industry, it outperforms 47% of 62 stocks in the same industry.
- In the last month HP has a been trading in the 32.74 - 37.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HP Weekly and Daily overview Charts
HP Setup Rating and Analysis
HP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.27. Right above this resistance zone may be a good entry point.
More info and screens
HP Support and Resistance Analysis
32.54
37.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 34.75 to 35.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.63 to 34.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.87 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.27 to 36.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @37.29 from a horizontal line in the daily time frame.
HP Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for HP is neutral. |
| ChartMill Relative Strength | 88.75 | POSITIVE | HP has a high relative strength, it outperformed 88.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.25 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.08 | NEUTRAL | The Stochastics value for HP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.12 | NEGATIVE | The low ADX value for HP suggests a weak or negative trend. |
HP Chart- and CandleStick Pattern Analysis
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)
HP 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.50 | 34.74 | 1.76 (4.82%) | 20.74% |
| An entry @36.50. This is a Buy Stop order right above the resistance zone. | An exit @34.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.76 points, which is 4.82%. | For a 1.00% total portfolio risk, you can invest 20.74% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HP. Please evaluate whether better entry and exit points can be found.
- 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.
HP Technicals: Chart, Performance Metrics, Trend & Indicators
35.63
+1.96 (+5.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.82%
1 Week4.46%
2 Weeks-0.7%
1 Month-4.04%
3 Month10.31%
6 Month38.96%
12 Month78.42%
2 Year-9.41%
3 Year7.45%
5 Year39.02%
10 Year-46.11%
15 Year-46.29%
Volatility
ATR(14)1.41
ATR(20)%3.84%
ATR Inc5.7%
Range Today1.87
ADR(20)1.25
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.75
3 months CRS85.77
6 months CRS92.5
Mansfield3.15
10 Day High36.22
10 Day Low32.74
20 Day High37.87
20 Day Low32.74
52 Week High37.87
52 Week Low14.65
CS1 End35.31
CR1 Start36.27
Volume & EV
DER(3)1.02%
DER(5)2.2%
Volume1.66M
Volume Incr-16.24%
Vol(5)1.13M
Vol(50)1.49M
HELMERICH & PAYNE / HP TA FAQ
What is the technical rating for HP stock?
ChartMill assigns a technical rating of 6 / 10 to HP.
What is the current trend direction of HELMERICH & PAYNE (HP) stock?
The current trend direction for HELMERICH & PAYNE (HP) is Bullish.
What is the RSI signal for HELMERICH & PAYNE (HP) stock?
HELMERICH & PAYNE (HP) has an RSI value of 53.2522. This indicates that the stock is currently neutral.
What is the MACD signal for HELMERICH & PAYNE (HP) stock?
The MACD indicator for HELMERICH & PAYNE (HP) has a value of -0.121534, indicating a bearish trend.