The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/2/2026 -
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Helmerich & Payne (HP) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 30.57
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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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 2.09 points, or 7.50%, and closed at 29.94 on Friday, January 2, 2026. It was the best weekly gain since October 24, 2025. Weekly volume was -41% 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 (30.57). 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 31.04 on December 11, 2025. HP gained -16.39 points, or -111.88%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.20 and resistance is at 32.33. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access 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 30.34 on January 2, 2026. HP gained -2.80 points, or -10.17%, in 4 days. The price is now at the 14.29% retracement level.

Daily Technical Indicators: [See HP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 12, 2025. The distance between MACD and the signal line is low and getting smaller.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.39
Williams' Percentage Range (W%R) 56.40
Lane's Stochastic (%D-Slow) 71.54
Greed/Fear Indicator (GFI) 53.16
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.68
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 78.39
Greed/Fear Indicator (GFI) 73.82
Moving Average Converg./Diverg. (MACD) 1.39
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 32.33
Yearly Trendline Resistance 30.57
Upper Bollinger Band 30.49
Price 29.94
Daily Stochastic Crossing 29.82
Weekly Stochastic Crossing 29.34
20 Day Moving Average 28.90
Monthly Trendline Support 27.73
50 Day Moving Average 27.66
Parabolic System 27.01
Monthly Trendline Resistance 26.90
Lower Bollinger Band 26.54
Sector and Industry
Description Name Rank
Sector Energy 9
Industry Oil & Gas Drilling 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.54
Low Date 12/29/2025
High 30.34
High Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.04
Low Date 12/16/2025
High 30.34
High Date 01/02/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 26.90
Support 27.73
High 31.04
High Date 12/11/2025
Low 27.04
Low Date 12/16/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 32.33
Support 17.20
Low 14.65
Low Date 05/22/2025
High 31.04
High Date 12/11/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 30.57
Support 11.41
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.