Helmerich & Payne Inc Stock Forecast

Buy or Hold candidate since Jan 10, 2025 Gain 6.19%

No changes to the price of Helmerich & Payne Inc stock on the last trading day (Tuesday, 21st Jan 2025). During the last trading day the stock fluctuated 3.52% from a day low at $35.34 to a day high of $36.59. The price has risen in 6 of the last 10 days and is up by 9.81% over the past 2 weeks.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $36.66 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.08% during the next 3 months and, with a 90% probability hold a price between $29.01 and $35.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HP Signals & Forecast

The Helmerich & Payne Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.87 and $33.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, January 16, 2025, and so far it has fallen -0.87%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, November 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Helmerich & Payne Inc stock

Helmerich & Payne Inc finds support from accumulated volume at $36.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.25 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 3.61%.

The Helmerich & Payne Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $35.07 (-3.59%) (This stock has high daily movements and this gives high risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (HP) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Helmerich & Payne Inc to open at $36.10, and during the day (based on 14 day Average True Range), to move between $35.20 and $37.56, which gives a possible trading interval of +/-$1.18 (+/-3.25%) up or down from last closing price. If Helmerich & Payne Inc takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.68 (0.82%) than the support at $36.07 (0.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Dividend Warning For HP

Dividend coming up for HP: Ex-dividend date (Friday 14th February, 2025) is 23 days away. The dividend is $0.250.

Is Helmerich & Payne Inc stock A Buy?

Helmerich & Payne Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.124 Hold/Accumulate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $36.10 ( 0.765%).