HELMERICH & PAYNE (HP) Stock Technical Analysis
USA - NYSE:HP - US4234521015 - Common Stock
Overall HP gets a technical rating of 8 out of 10. Although HP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
15.05
We found 4 important support areas.
- A support zone ranging from 26.11 to 26.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.53 from a trend line in the daily time frame.
- Support @23.44 from a trend line in the daily time frame.
- Support @15.20 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 26.21 to 26.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.77 to 26.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @27.64 from a horizontal line in the daily time frame.
- Resistance @28.69 from a trend line in the weekly time frame.
- Resistance @30.15 from a trend line in the weekly time frame.
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 | 76.47 | POSITIVE | HP has a high relative strength, it outperformed 76.47% 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) | DOWN | MIXED | The current price of HP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.7 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HP has a negative trend. |
| Stochastics (14,3) | 73.2 | NEUTRAL | The Stochastics value for HP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 41.9 | POSITIVE | The high ADX value value for HP suggests a strong trend. |
26.19
-0.17 (-0.64%)
HELMERICH & PAYNE / HP FAQ
What is the technical rating for HP stock?
ChartMill assigns a technical rating of 8 / 10 to HP.
Can you provide the trend direction for HELMERICH & PAYNE?
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 63.6957. 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 26.18 and a resistance level at 26.21. Check the full technical report for our detailed analysis of HP support and resistance levels.