HELMERICH & PAYNE (HP)

US4234521015 - Common Stock

41.23  -0.73 (-1.74%)

After market: 41.23 0 (0%)

Technical Rating and Analysis

7

Overall HP gets a technical rating of 7 out of 10. In the last year, HP was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month HP has a been trading in the 40.53 - 44.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
HP has an average volume of 1144440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HP is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
HP is an average performer in the Energy Equipment & Services industry, it outperforms 64% of 65 stocks in the same industry.
HP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HP is lagging the market slightly.
Weekly and Daily overview Charts
HP Weekly chart
HP Daily chart
Setup Rating and Analysis

8

HP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 41.22, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

33.91

46.43

2 important support areas can be observed.

  • A support zone ranging from 40.37 to 41.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @34.25 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 41.24 to 42.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @43.48 from a trend line in the weekly time frame.
  • A resistance zone ranging from 44.45 to 45.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.65
Mansfield-0.2
10 Day High43.68
10 Day Low40.53
20 Day High44.11
20 Day Low40.53
52 Week High46.55
52 Week Low30.41
Performance
1 Week-0.96%
2 Weeks-4.69%
1 Month-0.12%
3 Month14.46%
6 Month4.51%
12 Month24.34%
2 Year-10.43%
3 Year60.87%
5 Year-29.55%
10 Year-62.05%
15 Year33.78%
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)
Technical Indicators
MACD(12,26,9)-0.3
RSI(14)48.15
LBB40.37
UBB44.19
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.

ENTRYEXITDISTANCECAPITAL
42.2440.521.72 (4.07%)24.56%
An entry @42.24. This is a Buy Stop order right above the resistance zone.An exit @40.52. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.72 points, which is 4.07%.When investing 24.56% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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 Daily chart

HELMERICH & PAYNE

NYSE:HP (4/22/2024, 7:06:43 PM)

After market: 41.23 0 (0%)

41.23

-0.73 (-1.74%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.74%
1 Week-0.96%
2 Weeks-4.69%
1 Month-0.12%
3 Month14.46%
6 Month4.51%
12 Month24.34%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.16
ATR(20)%2.72%
ATR Inc
Range Today1.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High43.68
10 Day Low40.53
20 Day High44.11
20 Day Low40.53
52 Week High46.55
52 Week Low30.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.77M
Volume Incr15.79%
Vol(5)1.10M
Vol(50)1.14M