HELMERICH & PAYNE (HP)

US4234521015 - Common Stock

32.11  -0.63 (-1.92%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to HP. HP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



HP has an average volume of 1582960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month HP has a been trading in the 30.41 - 33.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
82% of all other stocks performed better in the past year than HP.
HP is part of the Energy Equipment & Services industry. There are 92 other stocks in this industry, of which 71% are performing better than HP.
HP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HP is lagging the market.

Statistics

1 Month 3 Months 6 Months 12 Months -1.27% -20.44% -35.12% -36.66% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 18.05 30.405 - 54.59
HP Weekly chart
HP Daily chart

Support/Resistance Analysis


30.62

47.31
We found 1 important support area.
  • A support zone ranging from 30.93 to 31.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
  • Resistance @33.51 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 34.45 to 34.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @37.44 from a horizontal line in the weekly time frame.
  • Resistance @46.84 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, HP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 31.14, a Stop Loss order could be placed below this zone.


HP Daily chart

HELMERICH & PAYNE

NYSE:HP (5/30/2023, 12:20:01 PM)

32.11

-0.63 (-1.92%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.92%
1 Week0.74%
2 Weeks5.1%
1 Month-1.27%
3 Month-20.44%
6 Month-35.12%
12 Month-36.66%
Volatility
ATR(14)1.09
ATR(20)%3.61%
ATR Inc-11.54%
Range Today0.56
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.05
Mansfield-2.8
10 Day High33.8
10 Day Low30.69
20 Day High33.8
20 Day Low30.41
52 Week High54.59
52 Week Low30.41
CS1 End31.14
CR1 Start33.51
Volume & EV
DER(3)0.68%
DER(5)0.76%
Volume435.44K
Volume Incr-8.52%
Vol(5)1.49M
Vol(50)1.58M
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