HELMERICH & PAYNE (HP) Stock Technical Analysis
NYSE:HP - New York Stock Exchange, Inc. - US4234521015 - Common Stock - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than HP.
HP is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 82% 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.
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.
HP has an average volume of 1988870 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
15.04
36.79
When analyzing the support we notice one important area.
- A support zone ranging from 15.19 to 15.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @19.15 from a trend line in the daily time frame.
- A resistance zone ranging from 20.07 to 20.39. 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 | 4.85 | NEGATIVE | HP has a low relative strength, it was outperformed by 95.15% 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) | 28.55 | OVERSOLD | The low RSI value suggests HP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.03 | OVERSOLD | The low Stochastics value suggests HP may be oversold. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for HP suggests high volalility. |
| Average Directional Index/ADX (14) | 31.77 | POSITIVE | The high ADX value value for HP suggests a strong 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)
15.25
-0.07 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.46%
1 Week-2.37%
2 Weeks-16.07%
1 Month-22.35%
3 Month-42.47%
6 Month-55.96%
12 Month-59.93%
2 Year-50.62%
3 Year-69.71%
5 Year-24.24%
10 Year-79.11%
15 Year-59.53%
Volatility
ATR(14)0.78
ATR(20)%5.2%
ATR Inc-56.25%
Range Today0.39
ADR(20)0.7
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.85
Mansfield-5.11
10 Day High18.32
10 Day Low14.65
20 Day High20.36
20 Day Low14.65
52 Week High42.6
52 Week Low14.65
CS1 End15.24
CR1 Start19.15
Volume & EV
DER(3)1.48%
DER(5)0.87%
Volume2.08M
Volume Incr3.06%
Vol(5)2.17M
Vol(50)1.99M