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Downtrend ExhaustionArchive
- 5/23/2025 -
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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 -2.34 points, or -13.15%, and closed at 15.46 on Friday, May 23, 2025. Weekly volume was 97% above average.
HP is a member of Energy Sector. Energy is the second most oversold sector. HP is a member of Oil & Gas Drilling Industry. Oil & Gas Drilling is the 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 14.65 on May 22, 2025. HP lost 39.94 points, or 73.16%, in 154 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (29.74) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 14.65 on May 22, 2025. HP lost 22.65 points, or 60.72%, in 17 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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. Use the following links to access Lane's Stochastic, Relative Strength Index 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 and getting bigger. It indicates that the current medium-term downtrend is strong. 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 14.65 on May 22, 2025. HP lost 12.18 points, or 45.40%, in 51 days. The price is now at the 6.65% retracement level.
 Daily Technical Indicators: [See HP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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