|
Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Helmerich & Payne (HP) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Helmerich & Payne (HP). During the week, the HP gained 0.95 points, or 2.42%, and closed at 40.13 on Friday, March 15, 2024. Weekly volume was -22% 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 September 14, 2023 at 46.55 and reached 32.17 on January 17, 2024. HP lost 14.38 points, or 30.89%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.45) 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 January 17, 2024 at 32.17 and reached 42.53 on January 30, 2024. HP gained -10.36 points, or -32.20%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (37.19). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend. Weekly Technical Indicators: [See HP weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since February 9, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 23, 2024 at 37.28 and reached 40.84 on March 15, 2024. HP gained -3.56 points, or -9.55%, in 21 days. The chart has formed a Rising Wedge chart pattern. Daily Technical Indicators: [See HP daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. The distance between the Bollinger Bands (7.08%) is close to one year low (7.65%). It is 58.62% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
| |
|
|