HELMERICH & PAYNE (HP) Stock Technical Analysis
NYSE:HP - New York Stock Exchange, Inc. - US4234521015 - Common Stock - Currency: USD
Overall HP gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, HP is a bad performer in the overall market: 94% of all stocks are doing better.
HP is one of the lesser performing stocks in the Energy Equipment & Services industry. 80% of 62 stocks in the same industry do better.
HP is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so HP is lagging the market.
In the last month HP has a been trading in the 14.65 - 20.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
HP has an average volume of 1907520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of HP is bad and it also does not present a quality setup 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
15.46
36.79
5 important resistance areas can be observed.
- Resistance @20.10 from a trend line in the daily time frame.
- Resistance @20.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.03 to 21.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.43 to 36.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for HP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HP is down. |
| ChartMill Relative Strength | 6 | NEGATIVE | HP has a low relative strength, it was outperformed by 94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.19 | OVERSOLD | The low RSI value suggests HP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests HP has a negative trend. |
| Stochastics (14,3) | 6.79 | OVERSOLD | The low Stochastics value suggests HP may be oversold. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for HP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for HP suggests a possible start of a new trend. |
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)
15.62
+0.41 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.7%
1 Week-14.03%
2 Weeks-14.83%
1 Month-22.71%
3 Month-40.5%
6 Month-56.68%
12 Month-57.95%
2 Year-49.42%
3 Year-68.98%
5 Year-22.4%
10 Year-78.6%
15 Year-58.55%
Volatility
ATR(14)0.91
ATR(20)%5.77%
ATR Inc8.79%
Range Today1.09
ADR(20)0.78
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6
Mansfield-5.02
10 Day High20.15
10 Day Low14.65
20 Day High20.36
20 Day Low14.65
52 Week High42.6
52 Week Low14.65
CS1 EndN/A
CR1 Start20.1
Volume & EV
DER(3)-4.19%
DER(5)-3.66%
Volume3.32M
Volume Incr68.19%
Vol(5)2.91M
Vol(50)1.91M