The Greedy Trader Weekly Analysis
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- 7/10/2026 -
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Helmerich & Payne (HP) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Helmerich & Payne (HP). During the week, the HP gained 2.03 points, or 6.49%, and closed at 33.33 on Friday, July 10, 2026. It was the best weekly gain since May 1, 2026. Weekly volume was -22% below average.

HP is a member of Energy Sector. Energy is the second most oversold 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 (8.01) 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 uptrend support line (39.50) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 29, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 July 6, 2026 at 30.40 and reached 33.38 on July 10, 2026. HP gained -2.98 points, or -9.80%, in 4 days. Price is near the trend high.

Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.30
Williams' Percentage Range (W%R) 72.80
Lane's Stochastic (%D-Slow) 50.57
Greed/Fear Indicator (GFI) 40.34
Moving Average Converg./Diverg. (MACD) -1.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.25
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 32.58
Greed/Fear Indicator (GFI) 35.11
Moving Average Converg./Diverg. (MACD) 2.45
Trading Signals
Description Value Chart
Quarterly Trendline Support 39.50
Upper Bollinger Band 38.93
50 Day Moving Average 37.31
20 Day Moving Average 34.20
Price 33.33
Weekly Stochastic Crossing 33.18
Daily Stochastic Crossing 32.50
Parabolic System 30.55
Lower Bollinger Band 29.25
Yearly Trendline Resistance 27.23
Sector and Industry
Description Name Rank
Sector Energy 2
Industry Oil & Gas Drilling 19
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.40
Low Date 07/06/2026
High 33.38
High Date 07/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.40
Low Date 07/06/2026
High 33.38
High Date 07/10/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.82
High Date 05/19/2026
Low 30.40
Low Date 07/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 44.89
Support 39.50
Low 14.65
Low Date 05/22/2025
High 41.82
High Date 05/19/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 27.23
Support 8.01
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.