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Downtrend Broken Resist.Archive
- 7/17/2026 -
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Helmerich & Payne (HP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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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 0.81 points, or 2.43%, and closed at 34.14 on Friday, July 17, 2026. Weekly volume was -34% 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 (7.88) 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 (41.07) 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, but getting smaller. 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 34.67 on July 14, 2026. HP gained -4.27 points, or -14.05%, in 8 days. The price is now at the 12.41% retracement level.
Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 9, 2026. This is an indication that the short-term trend is up.
During the last week, the price has moved above 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.
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