HELMERICH & PAYNE (HP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HP - US4234521015 - Common Stock
We assign a technical rating of 8 out of 10 to HP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HP is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- In the last month HP has a been trading in the 27.07 - 32.97 range, which is quite wide. It is currently trading near the high of this range.
- HP has an average volume of 1544060 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 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- HP is an average performer in the Energy Equipment & Services industry, it outperforms 49% of 62 stocks in the same industry.
Although HP has an excellent technical rating, the quality of the presented setup is not ideal 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
27.57
We found 2 important support areas.
- A support zone ranging from 28.76 to 28.87. 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 27.85 to 28.13. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 74.73 | POSITIVE | HP has a high relative strength, it outperformed 74.73% 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) | UP | POSITIVE | The current price of HP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.42 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests HP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.78 | OVERBOUGHT | The high Stochastics value suggests HP may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.24 | POSITIVE | The high ADX value value for HP suggests a strong trend. |
32.38
+0.11 (+0.34%)
HELMERICH & PAYNE / HP FAQ
What is the technical rating for HP stock?
ChartMill assigns a technical rating of 8 / 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 HP stock?
HELMERICH & PAYNE (HP) has an RSI value of 67.4199. 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 28.87. Check the full technical report for our detailed analysis of HP support and resistance levels.