The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 9/18/2026 -
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Helmerich & Payne (HP) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Helmerich & Payne (HP). During the week, the HP dropped -3.13 points, or -7.11%, and closed at 40.91 on Friday, September 18, 2026. It was the worst weekly loss since June 18, 2026. HP was trading at average weekly trading volume.

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 (3.62) 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 July 6, 2026 at 30.40 and reached 48.17 on September 2, 2026. HP gained -17.77 points, or -58.45%, in 8 weeks. The price is now at the 40.86% retracement level.

Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. 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 September 2, 2026 at 48.17 and reached 40.90 on September 18, 2026. HP lost 7.27 points, or 15.09%, in 16 days. Price is near the trend low.

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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since September 3, 2026. This is an indication that the short-term trend is down.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.59
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 8.89
Strong Oversold
Greed/Fear Indicator (GFI) 20.16
Moving Average Converg./Diverg. (MACD) 1.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.83
Williams' Percentage Range (W%R) 38.30
Lane's Stochastic (%D-Slow) 80.77
Overbought
Greed/Fear Indicator (GFI) 66.84
Moving Average Converg./Diverg. (MACD) 1.97
Trading Signals
Description Value Chart
Parabolic System 47.15
Upper Bollinger Band 45.93
Weekly Stochastic Crossing 44.61
20 Day Moving Average 43.40
Daily Stochastic Crossing 41.33
Price 40.91
50 Day Moving Average 39.60
Lower Bollinger Band 39.37
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Drilling 107
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.92
High Date 09/11/2026
Low 40.90
Low Date 09/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.17
High Date 09/02/2026
Low 40.90
Low Date 09/18/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.40
Low Date 07/06/2026
High 48.17
High Date 09/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.65
Low Date 05/22/2025
High 48.17
High Date 09/02/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 19.78
Support 3.62
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.