Helmerich & Payne Inc Stock Forecast
Helmerich & Payne Inc stock price ended at $40.20 on Monday, after gaining 0.174%.
(Updated on Mar 18, 2024)
The Helmerich & Payne Inc stock price gained 0.174% on the last trading day (Monday, 18th Mar 2024), rising from $40.13 to $40.20. During the last trading day the stock fluctuated 1.58% from a day low at $39.98 to a day high of $40.61. The price has risen in 6 of the last 10 days and is up by 4.52% over the past 2 weeks. Volume fell on the last day by -174 thousand shares and in total, 885 thousand shares were bought and sold for approximately $35.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.89% during the next 3 months and, with a 90% probability hold a price between $40.85 and $48.93 at the end of this 3-month period.
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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 $39.84 and $38.72. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 Tuesday, January 30, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Helmerich & Payne Inc stock
Helmerich & Payne Inc finds support from accumulated volume at $38.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.630 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: $38.79 (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (HP) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Helmerich & Payne Inc to open at $40.26, and during the day (based on 14 day Average True Range), to move between $39.05 and $41.35, which gives a possible trading interval of +/-$1.15 (+/-2.87%) up or down from last closing price. If Helmerich & Payne Inc takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.26 (0.15%) than the support at $38.99 (3.01%), 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.
Is Helmerich & Payne Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Helmerich & Payne Inc stock to perform well in the short-term.
Current score: 1.618 Buy Candidate Unchanged
Predicted Opening Price for Helmerich & Payne Inc of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$40.26 ( 0.158%) | $40.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.89 | 1.72 % | |
R2 | 40.65 | 1.13 % | ||
R1 | 40.50 | 0.756 % | ||
Current price: | 40.20 | |||
Support | S1 | 40.02 | -0.441 % | |
S2 | 39.87 | -0.81 % | ||
S3 | 39.63 | -1.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.62 | 1.04 % | |
R2 | 40.27 | 0.174 % | ||
R1 | 40.26 | 0.149 % | ||
Current price | 40.20 | |||
Support | S1 | 38.99 | -3.01% | |
S2 | 36.93 | -8.13% | ||
S3 | 36.47 | -9.28% |
HP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | May 16, 2024 | May 31, 2024 | $0.420 | 1.05% |
2 | Dec 06, 2023 | Feb 12, 2024 | Feb 27, 2024 | $0.420 | 1.09% |
3 | Oct 17, 2023 | Nov 17, 2023 | Dec 04, 2023 | $0.420 | 1.14% |
4 | Jun 07, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.235 | 0.588% |
5 | Mar 01, 2023 | May 17, 2023 | Jun 01, 2023 | $0.485 | 1.53% |
FAQ
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