The Greedy Trader Weekly Analysis
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- 1/9/2026 -
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Helmerich & Payne (HP) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 30.43
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal line
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It was a second positive week after 3 consecutive negative weeks for the Helmerich & Payne (HP). During the week, the HP gained 0.69 points, or 2.30%, and closed at 30.63 on Friday, January 9, 2026. 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 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 price is near the trend resistance line (30.43). 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 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 32.07 on January 9, 2026. HP gained -17.42 points, or -118.91%, in 33 weeks. The price is now at the 8.27% retracement level.

Weekly Technical Indicators: [See HP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish 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 above its signal line since July 3, 2025. 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 uptrend had started on December 29, 2025 at 27.54 and reached 32.07 on January 9, 2026. HP gained -4.53 points, or -16.45%, in 11 days. The price is now at the 31.79% retracement level.

Daily Technical Indicators: [See HP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.85
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 78.22
Greed/Fear Indicator (GFI) 78.98
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.17
Bearish
Williams' Percentage Range (W%R) 3.80
Strong Overbought
Lane's Stochastic (%D-Slow) 76.85
Bearish
Greed/Fear Indicator (GFI) 78.30
Moving Average Converg./Diverg. (MACD) 1.55 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 32.03
Daily Stochastic Crossing 31.23
Price 30.63
Yearly Trendline Resistance 30.43
Weekly Stochastic Crossing 30.01
20 Day Moving Average 29.16
Parabolic System 28.93
50 Day Moving Average 28.24
Lower Bollinger Band 26.82
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Drilling 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.54
Low Date 12/29/2025
High 32.07
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.54
Low Date 12/29/2025
High 32.07
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.04
Low Date 12/16/2025
High 32.07
High Date 01/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.65
Low Date 05/22/2025
High 32.07
High Date 01/09/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 30.43
Support 11.28
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.