When the Price of (HP) Talks, People Listen
February 28, 2024, 04:04 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HP
- Buy HP slightly over 34.1 target 38.87 stop loss @ 34 Details
The technical summary data tells us to buy HP near 34.1 with an upside target of 38.87. This data also tells us to set a stop loss @ 34 to protect against excessive loss in case the stock begins to move against the trade. 34.1 is the first level of support below 38.59 , and by rule, any test of support is a buy signal. In this case, support 34.1 would be being tested, so a buy signal would exist.
- Short HP slightly under 38.87, target 34.1, stop loss @ 38.98 Details
The technical summary data is suggesting a short of HP as it gets near 38.87 with a downside target of 34.1. We should have a stop loss in place at 38.98though. 38.87 is the first level of resistance above 38.59, and by rule, any test of resistance is a short signal. In this case, if resistance 38.87 is being tested, so a short signal would exist.
Swing Trading Plans for HP
- Buy HP slightly over 38.87, target 39.91, Stop Loss @ 38.76 Details
If 38.87 begins to break higher, the technical summary data tells us to buy HP just slightly over 38.87, with an upside target of 39.91. The data also tells us to set a stop loss @ 38.76 in case the stock turns against the trade. 38.87 is the first level of resistance above 38.59, and by rule, any break above resistance is a buy signal. In this case, 38.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HP slightly near 38.87, target 37.94, Stop Loss @ 38.98. Details
The technical summary data is suggesting a short of HP if it tests 38.87 with a downside target of 37.94. We should have a stop loss in place at 38.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HP
- Buy HP slightly over 38.63, target 38.87, Stop Loss @ 38.54 Details
If 38.63 begins to break higher, the technical summary data tells us to buy HP just slightly over 38.63, with an upside target of 38.87. The data also tells us to set a stop loss @ 38.54 in case the stock turns against the trade. 38.63 is the first level of resistance above 38.59, and by rule, any break above resistance is a buy signal. In this case, 38.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HP slightly near 38.63, target 37.94, Stop Loss @ 38.72. Details
The technical summary data is suggesting a short of HP if it tests 38.63 with a downside target of 37.94. We should have a stop loss in place at 38.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Helmerich & Payne Inc. (HP) available here: HP.
HP Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
34.1 |
| P2 |
37.83 |
37.94 |
38.87 |
| P3 |
38.63 |
39.91 |
43.91 |
AI Generated Signals for HP
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Helmerich & Payne Inc. (NYSE: HP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for HP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HP:
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