HELMERICH & PAYNE (HP) Stock Technical Analysis
USA - NYSE:HP - US4234521015 - Common Stock
21.77 USD
+0.86 (+4.11%)
21.77 USD
0 (0%)
We assign a technical rating of 6 out of 10 to HP. In the last year, HP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, HP is a bad performer in the overall market: 77% of all stocks are doing better.
HP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month HP has a been trading in the 17.35 - 21.87 range, which is quite wide. It is currently trading near the high of this range.
HP has an average volume of 2060440 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 48% of 61 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HP has an average technical rating and the quality of the presented setup is also not ideal 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
31.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.67 to 20.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.94 to 20.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @29.97 from a trend line in the weekly time frame.
- Resistance @31.19 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 | NEUTRAL | NEUTRAL | The long term trend for HP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HP is up. |
| ChartMill Relative Strength | 23.71 | NEGATIVE | HP has a low relative strength, it was outperformed by 76.29% 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 | NEGATIVE | The current price of HP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.47 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HP has a positive trend. |
| Stochastics (14,3) | 87.22 | OVERBOUGHT | The high Stochastics value suggests HP may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 35.89 | 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)
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 |
|---|---|---|---|
| 21.88 | 20.66 | 1.22 (5.58%) | 17.93% |
| An entry @21.88. This is a Buy Stop order right above the 10 day high. | An exit @20.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.22 points, which is 5.58%. | For a 1.00% total portfolio risk, you can invest 17.93% of your capital in this trade. |
- 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.
21.77
+0.86 (+4.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg4.11%
1 Week8.74%
2 Weeks2.54%
1 Month23.76%
3 Month27.24%
6 Month-12.22%
12 Month-33.26%
2 Year-48.36%
3 Year-41.11%
5 Year48.6%
10 Year-53.94%
15 Year-46.19%
Volatility
ATR(14)0.86
ATR(20)%3.7%
ATR Inc-0.51%
Range Today0.96
ADR(20)0.8
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.71
Mansfield-2.2
10 Day High21.87
10 Day Low19.5
20 Day High21.87
20 Day Low17.35
52 Week High37.46
52 Week Low14.65
CS1 End20.94
CR1 Start29.97
Volume & EV
DER(3)-2.45%
DER(5)-0.29%
Volume1.34M
Volume Incr-14.75%
Vol(5)1.63M
Vol(50)2.06M