HELMERICH & PAYNE (HP) Stock Technical Analysis
NYSE:HP - US4234521015 - Common Stock
18.92 USD
+0.99 (+5.52%)
18.76 USD
-0.16 (-0.85%)
Overall HP gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. HP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, HP is a bad performer in the overall market: 85% of all stocks are doing better.
HP is one of the lesser performing stocks in the Energy Equipment & Services industry. 63% of 61 stocks in the same industry do 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.
In the last month HP has a been trading in the 15.17 - 19.19 range, which is quite wide. It is currently trading near the high of this range.
HP has an average volume of 2222690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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 also the quality of the setup is only medium 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
32.10
3 important support areas can be observed.
- A support zone ranging from 18.88 to 18.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.59 to 17.91. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.93 to 18.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.70 from a trend line in the weekly time frame.
- Resistance @31.78 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 | DOWN | NEGATIVE | The long term trend for HP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HP is up. |
| ChartMill Relative Strength | 15.22 | NEGATIVE | HP has a low relative strength, it was outperformed by 84.78% 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) | 66.27 | NEUTRAL | The RSI value for HP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests HP has a positive trend. |
| Stochastics (14,3) | 85.7 | OVERBOUGHT | The high Stochastics value suggests HP may be overbought. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for HP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.56 | 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)
18.92
+0.99 (+5.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.52%
1 Week6.95%
2 Weeks9.43%
1 Month13.02%
3 Month22.38%
6 Month-27.92%
12 Month-43.44%
2 Year-52.69%
3 Year-55.74%
5 Year14.81%
10 Year-67.94%
15 Year-48.92%
Volatility
ATR(14)0.84
ATR(20)%4.36%
ATR Inc17.95%
Range Today1.21
ADR(20)0.79
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.22
Mansfield-3.36
10 Day High19.19
10 Day Low17.3
20 Day High19.19
20 Day Low15.17
52 Week High37.46
52 Week Low14.65
CS1 End18.91
CR1 Start18.93
Volume & EV
DER(3)2.96%
DER(5)2.77%
Volume1.94M
Volume Incr-24.4%
Vol(5)1.84M
Vol(50)2.22M