The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Helmerich & Payne (HP) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance lineTrend support at 34.40
Daily :The period of low volatility of the stock price
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It was the negative week for the Helmerich & Payne (HP). During the week, the HP gave back -0.13 points, or -0.37%, and closed at 34.68 on Friday, April 10, 2026. Weekly volume was -42% below average.

HP is a member of Energy Sector. Energy is the most overbought sector. 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 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 (9.59) 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 uptrend had started on May 22, 2025 at 14.65 and reached 37.87 on March 24, 2026. HP gained -23.22 points, or -158.50%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (34.40) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 9, 2026 at 36.22 and reached 34.57 on April 10, 2026. HP lost 1.65 points, or 4.56%, in 1 days. The price is now at the 6.67% retracement level.

Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 30, 2026. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is falling, and it was 9.23% on Friday. It is 55.33% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.22
Williams' Percentage Range (W%R) 68.30
Lane's Stochastic (%D-Slow) 36.95
Greed/Fear Indicator (GFI) 35.62
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.84
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 70.45
Greed/Fear Indicator (GFI) 67.64
Moving Average Converg./Diverg. (MACD) 3.01
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 38.86
Upper Bollinger Band 37.00
Weekly Stochastic Crossing 36.14
Parabolic System 36.04
20 Day Moving Average 35.78
50 Day Moving Average 35.07
Daily Stochastic Crossing 34.93
Price 34.68
Quarterly Trendline Support 34.40
Lower Bollinger Band 33.79
Yearly Trendline Resistance 28.75
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Drilling 104
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.22
High Date 04/09/2026
Low 34.57
Low Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.22
High Date 04/09/2026
Low 34.57
Low Date 04/10/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.87
High Date 03/24/2026
Low 33.74
Low Date 04/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 38.86
Support 34.40
Low 14.65
Low Date 05/22/2025
High 37.87
High Date 03/24/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 28.75
Support 9.59
High 54.59
High Date 06/08/2022
Low 14.65
Low Date 05/22/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.