|
|
Downtrend Broken Resist.Archive
- 10/16/2026 -
Sign In to see current Signals. |
Helmerich & Payne (HP) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Helmerich & Payne (HP). During the week, the HP dropped -2.45 points, or -6.14%, and closed at 37.43 on Friday, October 16, 2026. Weekly volume was -26% 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 downtrend resistance line (6.09) 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 48.17 on September 2, 2026. HP gained -33.52 points, or -228.81%, in 66 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34.52 and resistance is at 50.87. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 September 25, 2026. The distance between MACD and the signal line is low, but 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 September 29, 2026 at 36.17 and reached 40.98 on October 12, 2026. HP gained -4.81 points, or -13.30%, in 13 days. The price is now at the 73.80% retracement level.
Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
| |
|
|