|
|
Archive
- 5/29/2026 -
Sign In to see current Signals. |
Helmerich & Payne (HP) Technical Analysis
|
 |
| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Helmerich & Payne (HP). During the week, the HP dropped -1.73 points, or -4.34%, and closed at 38.15 on Friday, May 29, 2026. Weekly volume was -29% 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 (8.77) 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 41.82 on May 19, 2026. HP gained -27.17 points, or -185.46%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (37.87) 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The weekly MACD line is above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 19, 2026 at 41.82 and reached 37.05 on May 28, 2026. HP lost 4.77 points, or 11.41%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 May 20, 2026. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
| |
|
|