HELMERICH & PAYNE (HP) Stock Technical Analysis
NYSE:HP - New York Stock Exchange, Inc. - US4234521015 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, HP is a bad performer in the overall market: 94% of all stocks are doing better.
HP is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 85% 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.
HP has an average volume of 2196780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month HP has a been trading in the 14.65 - 19.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
15.05
36.79
We found 1 important support area.
- A support zone ranging from 15.20 to 15.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 17.62 to 17.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.16 to 18.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.88 from a horizontal line in the daily time frame.
- Resistance @32.35 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for HP is neutral. |
| ChartMill Relative Strength | 6.25 | NEGATIVE | HP has a low relative strength, it was outperformed by 93.75% 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) | 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) | 45.95 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests HP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.8 | NEUTRAL | The Stochastics value for HP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for HP suggests high volalility. |
| Average Directional Index/ADX (14) | 23 | NEUTRAL | The ADX value for HP suggests a possible start of a new 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)
17.11
-0.27 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.55%
1 Week-4.89%
2 Weeks5.1%
1 Month12.49%
3 Month-31.01%
6 Month-43.81%
12 Month-49.65%
2 Year-51.73%
3 Year-60.26%
5 Year-12.3%
10 Year-75.7%
15 Year-53.15%
Volatility
ATR(14)1
ATR(20)%5.06%
ATR Inc-11.69%
Range Today0.61
ADR(20)0.83
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.25
Mansfield-4.35
10 Day High19.24
10 Day Low16.48
20 Day High19.24
20 Day Low14.65
52 Week High42.6
52 Week Low14.65
CS1 End15.25
CR1 Start17.62
Volume & EV
DER(3)-2.74%
DER(5)-1.14%
Volume2.04M
Volume Incr-11.95%
Vol(5)2.28M
Vol(50)2.20M