Londinia Opportunities Analyses - 05/16/2024 (GMT) HELMERICH & PAYNE INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	HP
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 38.21 USD

My targets

37.47 USD (-0.98%)

35.59 USD (-5.95%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HELMERICH & PAYNE INC. as long as the price remains well below 38.21 USD. The sellers' bearish objective is set at 37.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 35.59 USD. In case of crossing, the next objective would be the support located at 32.29 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

HELMERICH & PAYNE INC. rating 37.84 USD. The price registered a decrease of -1.71% on the session with the lowest point at 37.76 USD and the highest point at 38.38 USD. The deviation from the price is +0.21% for the low point and -1.41% for the high point.

37.76

38.38

37.84

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this HELMERICH & PAYNE INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.29	35.59	37.47	37.84	38.21	39.51	40.03
Change (%)	-14.67%	-5.95%	-0.98%	-	+0.98%	+4.41%	+5.79%
Change	-5.55	-2.25	-0.37	-	+0.37	+1.67	+2.19
Level	Intermediate	Major	Minor	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.28	36.94	37.60	38.26	38.92	39.58	40.24
Camarilla	37.89	38.01	38.13	38.25	38.37	38.49	38.61
Woodie	36.27	36.94	37.59	38.26	38.91	39.58	40.23
Fibonacci	36.94	37.45	37.76	38.26	38.77	39.08	39.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.99	36.90	37.70	38.61	39.41	40.32	41.12
Camarilla	38.03	38.19	38.34	38.50	38.66	38.81	38.97
Woodie	35.94	36.87	37.65	38.58	39.36	40.29	41.07
Fibonacci	36.90	37.55	37.96	38.61	39.26	39.67	40.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.22	35.49	37.28	40.55	42.34	45.61	47.40
Camarilla	37.68	38.14	38.61	39.07	39.53	40.00	40.46
Woodie	31.48	35.12	36.54	40.18	41.60	45.24	46.66
Fibonacci	35.49	37.42	38.62	40.55	42.48	43.68	45.61

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	39.90
MACD (12,26,9):	-0.1600
Directional Movement:	-5.25
AROON (14):	-42.86
DEMA (21):	38.05
Parabolic SAR (0,02-0,02-0,2):	38.51
Elder Ray (13):	-0.26
Super Trend (3,10):	38.91
Zig ZAG (10):	37.82
VORTEX (21):	0.9000
Stochastique (14,3,5):	22.65
TEMA (21):	37.93
Williams %R (14):	-84.31
Chande Momentum Oscillator (20):	-0.76
Repulse (5,40,3):	-0.6200
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	3.08

MA7:	38.43
MA20:	39.31
MA50:	40.47
MA100:	38.43
MAexp7:	37.97
MAexp20:	38.23
MAexp50:	38.44
MAexp100:	38.89
Price / MA7:	-1.54%
Price / MA20:	-3.74%
Price / MA50:	-6.50%
Price / MA100:	-1.54%
Price / MAexp7:	-0.34%
Price / MAexp20:	-1.02%
Price / MAexp50:	-1.56%
Price / MAexp100:	-2.70%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on HELMERICH & PAYNE INC. at the time of the generation of this analysis was as follows: