HELMERICH & PAYNE (HP) Stock Technical Analysis
NYSE:HP • US4234521015
Overall HP gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HP is showing a nice and steady performance.
- In the last month HP has a been trading in the 31.80 - 36.73 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that HP is one of the better performing stocks in the market, outperforming 82% of all 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 1706690 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 45% of 60 stocks in the same industry.
Besides having an excellent technical rating, HP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
32.53
When analyzing the support we notice one important area.
- A support zone ranging from 32.86 to 33.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.98 to 36.42. 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 | 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 | 82.6 | POSITIVE | HP has a high relative strength, it outperformed 82.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HP is below 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) | 51.24 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests HP has a negative trend. |
| Stochastics (14,3) | 25.43 | NEUTRAL | The Stochastics value for HP is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.48 | POSITIVE | The high ADX value value for HP suggests a strong trend. |
33.31
+0.11 (+0.33%)
HELMERICH & PAYNE / HP FAQ
What is the technical rating for HP stock?
ChartMill assigns a technical rating of 9 / 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 51.2371. 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 neutral.
What is the support and resistance level for HP stock?
HELMERICH & PAYNE (HP) has a support level at 33.19 and a resistance level at 35.98. Check the full technical report for our detailed analysis of HP support and resistance levels.