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Archive
- 7/31/2026 -
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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 -0.77 points, or -2.18%, and closed at 34.57 on Friday, July 31, 2026. Weekly volume was -36% below average.
 Long-term trend: [See HP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 54.59 and reached 14.65 on May 22, 2025. HP lost 39.94 points, or 73.16%, in 154 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (7.50) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
 Medium-term trend: [See HP medium-term trend chart]
A medium-term downtrend had started on May 19, 2026 at 41.82 and reached 30.40 on July 6, 2026. HP lost 11.42 points, or 27.31%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 29, 2026. 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 uptrend had started on July 6, 2026 at 30.40 and reached 36.07 on July 23, 2026. HP gained -5.67 points, or -18.65%, in 17 days. The price is now at the 26.46% retracement level.
Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 9, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
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