HELMERICH & PAYNE (HP) Stock Technical Analysis
USA - NYSE:HP - US4234521015 - Common Stock
23.67 USD
+0.62 (+2.69%)
23.63 USD
-0.04 (-0.17%)
We assign a technical rating of 8 out of 10 to HP. 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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month HP has a been trading in the 19.91 - 24.05 range, which is quite wide. It is currently trading near the high of this range.
HP has an average volume of 2064480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HP turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
HP is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, HP did better than 55% of them.
HP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HP is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HP has an excellent technical rating, it does not present a decent entry opportunity 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
31.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.25 to 22.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.25 from a trend line in the daily time frame.
- A support zone ranging from 20.54 to 20.57. 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.
2 important resistance areas can be observed.
- Resistance @29.42 from a trend line in the weekly time frame.
- Resistance @30.74 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 | 44.34 | NEUTRAL | HP is not amongst the best or worst performers 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) | 68.74 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests HP has a positive trend. |
| Stochastics (14,3) | 84.07 | OVERBOUGHT | The high Stochastics value suggests HP may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.77 | 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)
23.67
+0.62 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.69%
1 Week6.14%
2 Weeks11.44%
1 Month18.11%
3 Month37.86%
6 Month23.22%
12 Month-35.03%
2 Year-40.18%
3 Year-52.19%
5 Year59.18%
10 Year-57.93%
15 Year-44.67%
Volatility
ATR(14)0.93
ATR(20)%3.71%
ATR Inc-21.98%
Range Today0.89
ADR(20)0.84
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.34
Mansfield-1.38
10 Day High24.05
10 Day Low21.49
20 Day High24.05
20 Day Low19.91
52 Week High37.46
52 Week Low14.65
CS1 End22.57
CR1 Start29.42
Volume & EV
DER(3)1.48%
DER(5)1.4%
Volume1.71M
Volume Incr-10.7%
Vol(5)1.61M
Vol(50)2.06M