HELMERICH & PAYNE (HP) Technical Analysis
NYSE:HP • US4234521015
Current stock price
HP Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, HP did better than 91% of all other stocks.
- HP is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HP is leading the market.
- In the last month HP has a been trading in the 33.06 - 37.00 range, which is quite wide. It is currently trading near the high of this range.
- HP has an average volume of 1767910 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 47% of 60 stocks in the same industry.
HP Weekly and Daily overview Charts
HP Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 36.49. Right above this resistance zone may be a good entry point.
More info and screens
HP Support and Resistance Analysis
32.99
We found 2 important support areas.
- Support @36.43 from a horizontal line in the weekly time frame.
- A support zone ranging from 33.32 to 35.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.49 to 36.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
HP Technical Indicator Signal Analysis
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 | 91.24 | POSITIVE | HP has a high relative strength, it outperformed 91.24% 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) | 60.51 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HP has a positive trend. |
| Stochastics (14,3) | 83.51 | OVERBOUGHT | The high Stochastics value suggests HP may be overbought. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for HP suggests a weak or negative trend. |
HP Chart- and CandleStick Pattern Analysis
HP Example Setup
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 |
|---|---|---|---|
| 36.50 | 36.42 | 0.08 (0.22%) | 25.00% |
| An entry @36.50. This is a Buy Stop order right above the resistance zone. | An exit @36.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 0.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.05%. |
- The distance between exit and entry is rather small compared to the average daily movement of HP. Please evaluate whether better entry and exit points can be found.
- 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.
HP Technicals: Chart, Performance Metrics, Trend & Indicators
36.48
+0.53 (+1.47%)
HELMERICH & PAYNE / HP TA 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 60.5057. 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 36.43 and a resistance level at 36.49. Check the full technical report for our detailed analysis of HP support and resistance levels.