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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HP
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Helmerich & Payne Inc stock price ended at $40.20 on Monday, after gaining 0.174%.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 3.10% PDF

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


# Declaration Date 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

What is the symbol for Helmerich & Payne Inc Stock and on which exchange is it traded?
The symbol for Helmerich & Payne Inc is HP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Helmerich & Payne Inc Stock?
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.

How to buy Helmerich & Payne Inc Stock?
Helmerich & Payne Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Helmerich & Payne Inc Stock.

What's the current price of Helmerich & Payne Inc Stock?
As of the end of day on the 2024-03-18, the price of an Helmerich & Payne Inc (HP) share was $40.20.

What is the 52-week high and low for Helmerich & Payne Inc Stock?
The 52-week high for Helmerich & Payne Inc Stock is $46.55 and the 52-week low is $30.41.

What is the market capitalization of Helmerich & Payne Inc Stock?
As of the 2024-03-18, the market capitalization of Helmerich & Payne Inc is 3.973B.

When is the next earnings date for Helmerich & Payne Inc?
The upcoming earnings date for Helmerich & Payne Inc is Apr 24, 2024.
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About Helmerich & Payne Inc

Helmerich & Payne Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyom... HP Profile

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