Helmerich & Payne Inc Stock Forecast
Helmerich & Payne Inc stock price up 2.13% on Wednesday
(Updated on Mar 27, 2024)
The Helmerich & Payne Inc stock price gained 2.13% on the last trading day (Wednesday, 27th Mar 2024), rising from $41.35 to $42.23. During the last trading day the stock fluctuated 1.88% from a day low at $41.52 to a day high of $42.30. The price has risen in 6 of the last 10 days and is up by 4.87% over the past 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 774 thousand shares were bought and sold for approximately $32.68 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 19.28% during the next 3 months and, with a 90% probability hold a price between $46.07 and $54.20 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HP Signals & Forecast
Mostly positive signals in the chart today. 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 $41.61 and $39.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 15.79%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Helmerich & Payne Inc stock
Helmerich & Payne Inc finds support from accumulated volume at $40.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.780 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $40.91 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (HP) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Helmerich & Payne Inc to open at $42.02, and during the day (based on 14 day Average True Range), to move between $41.14 and $43.32, which gives a possible trading interval of +/-$1.09 (+/-2.59%) up or down from last closing price. If Helmerich & Payne Inc takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $40.62, some $1.61 (3.81%) from the current price of $42.23, our system finds the risk reward attractive.
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: 4.890 Buy Candidate Unchanged
Predicted Opening Price for Helmerich & Payne Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$42.02 ( 0.505%) | $42.23 |
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 | 42.80 | 1.34 % | |
R2 | 42.50 | 0.636 % | ||
R1 | 42.31 | 0.200 % | ||
Current price: | 42.23 | |||
Support | S1 | 41.72 | -1.21 % | |
S2 | 41.53 | -1.65 % | ||
S3 | 41.24 | -2.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 42.23 | |||
Support | S1 | 40.62 | -3.81% | |
S2 | 40.26 | -4.66% | ||
S3 | 36.47 | -13.64% |
HP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | May 16, 2024 | May 31, 2024 | $0.420 | 0.99% |
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
Click here for our free guide on how to buy Helmerich & Payne Inc Stock.