HELMERICH & PAYNE (HP) Stock Technical Analysis
NYSE:HP • US4234521015
Taking everything into account, HP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, HP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, HP did better than 86% of all other stocks.
- HP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- HP has an average volume of 1739600 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 57% of 60 stocks in the same industry.
- In the last month HP has a been trading in the 31.82 - 36.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is a resistance zone just above the current price starting at 35.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
32.53
We found 1 important support 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.
When analyzing the resistance we notice one important 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 | UP | POSITIVE | The short term trend for HP is up. |
| ChartMill Relative Strength | 86.66 | POSITIVE | HP has a high relative strength, it outperformed 86.66% 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) | 60.83 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.49 | NEUTRAL | The Stochastics value for HP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.74 | POSITIVE | The high ADX value value for HP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.43 | 32.85 | 3.58 (9.83%) | 10.18% |
| An entry @36.43. This is a Buy Stop order right above the resistance zone. | An exit @32.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.58 points, which is 9.83%. | For a 1.00% total portfolio risk, you can invest 10.18% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.63
-0.33 (-0.92%)
HELMERICH & PAYNE / HP FAQ
What is the technical rating for HP stock?
ChartMill assigns a technical rating of 10 / 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 60.8321. 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 33.19 and a resistance level at 35.98. Check the full technical report for our detailed analysis of HP support and resistance levels.