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Oil & Gas Drilling Industry Stocks Technical Analysis - HPArchive
- 4/4/2025 -
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Helmerich & Payne (HP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Helmerich & Payne (HP). During the week, the HP dropped -5.44 points, or -21.54%, and closed at 19.82 on Friday, April 4, 2025. Weekly volume was 40% above average.
HP is a member of Oil & Gas Drilling Industry. Oil & Gas Drilling is the eighth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See HP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 54.59 and reached 19.53 on April 4, 2025. HP lost 35.06 points, or 64.22%, in 147 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (29.84) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See HP medium-term trend chart]
A medium-term downtrend had started on January 17, 2025 at 37.30 and reached 19.53 on April 4, 2025. HP lost 17.77 points, or 47.64%, in 11 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 31, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See HP short-term trend chart]
A short-term downtrend had started on April 1, 2025 at 26.83 and reached 19.53 on April 4, 2025. HP lost 7.30 points, or 27.21%, in 3 days. Price is near the trend low.
 Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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