HELMERICH & PAYNE, INC. (HP) Technical Analysis

🔺 Technical Setup

🎯 Decision Map

The next meaningful technical decision is likely to occur between support at 33.40 and resistance at 34.53. Clearing resistance would strengthen the constructive case, while a failure through support would damage the present setup. Pattern-based invalidation is near 32.07; losing that area would weaken the active formation considerably.

📊 Technical Summary

HELMERICH & PAYNE, INC. (HP) finished the session at 33.64 (-3.72%). Price has slipped under the 50-day average but remains above the 200-day average, leaving the longer-term structure intact even as medium-term momentum softens. 20-day momentum is running at -6.43%; price is trading in the upper part of its roughly 52-week range (15.16–37.28); and ATR14 volatility is running near 4.12% of price. RSI(14) stands around 42.1, which keeps the momentum picture broadly balanced. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD is positioned under the signal line, suggesting momentum recovery has not fully developed yet. The MACD histogram is negative and weakening further, which reflects continued downside pressure. Pattern signals currently detected: Double bottom, Cup & handle. The most important nearby levels are support at 33.40 and resistance at 34.53. Clearing resistance would improve continuation odds, while slipping below support would weaken the present setup. On the fundamentals side, the latest snapshot shows Revenue: 1.02B · Net income: -96.71M · EPS (basic): -0.98. For a fuller technical read, the interactive view adds overlays, pattern context and broader chart structure.

Explore more