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Advanced TA SearchArchive
- 5/3/2024 -
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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 -1.91 points, or -4.73%, and closed at 38.48 on Friday, May 3, 2024. Weekly volume was -13% 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 30.41 on May 11, 2023. HP lost 24.18 points, or 44.29%, in 48 weeks. The price is now at the 33.37% retracement level.
 Medium-term trend: [See HP medium-term trend chart]
A medium-term uptrend had started on January 17, 2024 at 32.17 and reached 44.11 on April 8, 2024. HP gained -11.94 points, or -37.12%, in 11 weeks. The price is now at the 47.15% retracement level.
 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 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 April 8, 2024 at 44.11 and reached 37.71 on May 2, 2024. HP lost 6.40 points, or 14.51%, in 24 days. The price is now at the 12.03% retracement level.
 Daily Technical Indicators: [See HP daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.
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